"That said, the vision for the future of the franchise is different than the one I signed up to lead. Now is the right time for me to step aside as a new season begins.

"My family and I would like to thank our incredible staff, Marlins fans, Marlins players, and the greater Miami community for welcoming us with open arms and making us feel at home. The organization is stronger today than it was five years ago, and I am thankful and grateful to have been a part of this team."

Said Sherman in a statement:

"The Miami Marlins and Derek Jeter announced today that they have agreed to officially end their relationship. The Marlins thank Derek for his many contributions and wish him luck in his future endeavors.

"We have a deep bench of talent that will oversee both business and baseball decisions while we work to identify a new CEO to lead our franchise. The ownership group is committed to keep investing in the future of the franchise -- and we are determined to build a team that will return to the postseason and excite Marlins fans and the local community."

MLB commissioner Rob Manfred also released a statement:

"On behalf o Major League Baseball, I thank Derek for his service to the Marlins, the communities of Miami and the game," Manfred said. "Derek is a winner on and off the field. In addition to his valuable contributions as a front office executive, Derek was a highly respected voice on our Diversity and Competition Committees.

"He helped build a talented front office with the Marlins, including moving the game forward by hiring women in top roles in the Club's baseball operations and executive leadership, and a foundation that has positioned the Marlins for long-term success. Derek is a pillar of our game and we look forward to his future contributions to Baseball."

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