The deal which had been reported on Friday, is worth $1.2 billion and it includes a number of investors along with Jeter.
"I learned a lot from [Steinbrenner] on how to run an organization", said Jeter. "He's an incredibly interesting, articulate, smart, contemplative individual". National Basketball Association legend Michael Jordan also is among the 16 investors in the group. That said, Major League Baseball loves the involvement of Jeter, who has an unbelievable record of winning and pristine reputation.
Samson is under contract with the team, but it could still opt to go in a different direction.
"I have been here since 2002", Samson said.
Sherman is going to be the managing general partner of the team, according to the Herald, while Jeter, who put in about $25 million, will focus on the player development and business sides of the team.
Jeter, Sherman and the rest of the group will inherit a ballclub with plenty of questions and large contracts. The owners of the other Major League Baseball franchises will have to meet and approve the agreement, which will not take place for at least a month.
If their bid is approved by baseball's owner's, the Jeter/Sherman ownership group will acquire a team with one of baseball's best power hitters, extremely low attendance numbers despite a garish home run sculpture and a stadium whose financing deal will cost the city of Miami billions of dollars in the future.
The Marlins are not contending for a playoff spot now, but could be a playoff team next season with the right additions.