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Miami Marlins owner Jeffrey Loria has agreed to sell the team to a group that includes Derek Jeter, according to a report from the Miami Herald.
Jeter would run both the baseball and business sides of the team, despite investing a small amount of his own money. Sherman who is a New York businessman is expected to invest the majority of the money involved in the bid. The price of the team is a reported $1.2 billion.
Major League Baseball is currently awaiting the final paperwork of the sale and that could happen later on Friday. If this deal is concluded, it will put an end to months of speculation and rampant reports. Jeter has been involved from the start, but his chances of winning the team seemed to dip at times.