Derek Jeter and his wife Hannah (Davis) Jeter have officially announced the birth of their first child, a baby girl named Bella Raine Jeter. Jeter's media outlet, The Player's Tribune, confirmed the news that Hannah gave birth to Bella on Thursday, August 17th.

Jeter, 43, and Hannah, 27, began dating back in 2011 and got engaged in 2015 shortly after Jeter retired. The two got married last year in Napa, California. 

Earlier this month, a group led by the New York Yankees legend and New York businessman Bruce Sherman agreed to buy the Miami Marlins from team owner Jeff Loria for a reported $1.2 billion.

According to the Miami Herald, Jeter will be in control of business and baseball side of the organization while Sherman, wealthy venture capitalist, will be the “control person,” similar to a managing general partner.

In total, the Jeter/Sherman group has approximately 16 investors, including Michael Jordan. According to the New York Post, Jordan is kicking in very little cash, but Jeter sees MJ as a role model and a mentor in how to become a successful sports executive.

Per the Miami Herald,

"Other confirmed investors in the Sherman/Jeter group, besides NBA legend Jordan (who owns the NBA’s Charlotte Hornets), include former Morgan Stanley wealth management chief Greg Fleming, who helped put together the bid for Sherman and Jeter; Doug Kimmelman, a former Goldman Sachs executive who founded Energy Capital Partners; John Troiano, managing Partner and Co-Founder of financial firm TBG Investments, which advises customers on investments."

Jeter has his work cut out for him in Miami, though. The Miami Herald's Barry Jackson reports that the Marlins are expected to lose over $60 million this year, have the cheapest TV contract in the league, and are routinely at the bottom of the league standings in attendance.

But all of that should be a breeze compared to raising his first child.