Derek Jeter announced on Monday that he is no longer CEO of the Miami Marlins. According to Craig Mish of MLB Network, Jeter and the Marlins agreed to mutually part ways. The Hall of Famer is stepping down as CEO and shareholder of the organization effective immediately.

Jeter was part of the new ownership group that purchased the Marlins in 2017. In a statement released Monday morning, though, he said he will no longer serve as CEO nor a shareholder in the club.

“We had a vision five years ago to turn the Marlins franchise around, and as CEO, I have been proud to put my name and reputation on the line to make our plan a reality,” said Jeter. He stated that the vision for the future of the Marlins is different now than one he signed up to lead and he felt it was his time to step away. “Now is the right time for me to step aside as a new season begins.”

He went on to thank the Marlins staff, players, fans, and city of Miami for welcoming his family five years ago. He stated, “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.”

Marlins Chairman and Principal Owner Bruce Sherman released a statement on Monday as well following Jeter’s announcement.

Sherman stated, “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.”

The timing of this seems curious since Monday is MLB’s self-imposed deadline to agree to a new Collective Bargaining Agreement before regular-season games start getting canceled. New York Mets shortstop, Francisco Lindor shared the following message via his Instagram story:

Maybe it is in solidarity with the players and maybe it isn’t. Either way, it’s a move that has the respect of the players, which is a fraternity he’s obviously a part of.