Derek Jeter

AP source: Jeter doesn't have money needed to buy Marlins

Derek Jeter told Major League Baseball on Thursday he doesn't yet have the necessary money to buy the Miami Marlins and is still seeking help from other investors, a person familiar with the negotiations said.

The person described the status of the Marlins' sale talks to The Associated Press on condition of anonymity because the team isn't discussing the negotiations publicly.

The person said Jeter, a 14-time All-Star shortstop, met with MLB and Marlins officials in New York and provided an update on his efforts to raise the needed money. The person said multiple other groups remain in the mix to purchase the team.

Jeter's group bid about $1.3 billion to buy the...

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