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Alex Rodriguez, Jennifer Lopez preparing bid to buy the Mets

The couple have retained J.P. Morgan to represent them in raising capital.

Alex Rodriguez and Jennifer Lopez are looking at buying the New York Mets.
Alex Rodriguez and Jennifer Lopez are looking at buying the New York Mets.
Rob Carr/Getty Images

NEW YORK — Alex Rodriguez, once again, wants to be like Derek Jeter.

A-Rod and Jennifer Lopez, who are engaged, have retained J.P. Morgan to represent them in raising capital for a possible bid for the New York Mets. The move was first reported by Variety and confirmed to The Associated Press by a person familiar with the decision who spoke on condition of anonymity because it was not announced.

A three-time AL MVP, Rodriguez retired in August 2016 with 698 home runs, a .295 average and 2,086 RBIs in 22 years. He was suspended for the 2014 season for violations of Major League Baseball’s drug agreement and labor contract.

A-Rod, now 44 years old, earned about $448 million as a player. The 14-time All-Star started his career with Seattle, signed a record contract with Texas in December 2000, and then moved from shortstop to third base when he was traded from the Rangers to the New York Yankees ahead of the 2004 season.

Jeter, the Yankees captain and shortstop, retired after the 2014 season and was elected to the Baseball Hall of Fame in January. He became CEO of the Miami Marlins as part of the team’s sale from Jeffrey Loria to a group headed by Bruce Sherman in October 2017.

The Mets’ ownership is headed by Fred Wilpon, brother-in-law Saul Katz and Wilpon’s son Jeff, the team’s chief operating officer. An agreement to sell the team to hedge fund manager Steve Cohen for $2.6 billion collapsed in February.