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Report: Derek Jeter-led group reaches agreement to purchase Miami Marlins for $1.3 billion

04/25/2017 3:09 PM ET

By A.J. Herrmann




Derek Jeter-led group reportedly purchases Miami Marlins.(AP)

Derek Jeter and a group of investors including former presidential candidate Jeb Bush have reached an agreement to purchase the Miami Marlins for a reported $1.3 billion.

The agreement is not final until Major League Baseball grants approval and the final contract terms are worked out, but Jeter plans to fulfill an "active role" among the group of owners.

Jeter had spoken openly about his wish to eventually own a big league club, and it appears that pending final approval, he'll get his first opportunity with Miami.

Marlins manager Don Mattingly was a career Yankee from 1982 to 1995, and shared the clubhouse with Jeter during the former Yankees shortstop's rookie season in 1995. Mattingly retired following that season, and Jeter went on to become a superstar and five-time World Series champion.

The Marlins enter the week sitting second place in the NL East, with a 10-8 record. They've never finished higher than third place in the division since re-branding from the Florida Marlins to the Miami Marlins in 2012, but hope to soon contend behind star players like Giancarlo Stanton, Christian Yelich and Marcell Ozuna.

Stay tuned to YES for more developments on Jeter's group's bid to purchase the Marlins, as the final approval processes get underway.