Derek Falvey is out as the Twins’ president of baseball and business operations.
The Twins and Falvey described that they had mutually agreed to part ways Friday. It is believed that the parting was not continuous but respectful, born out of a new ownership group wanting to hire its guy.
In December, the Twins announced that Tom Pohlad succeeded Joe Pohlad as Exec Chair and Jim Pohlad as Control Person.
While he has always been part of the family that owned the team, Tom Pohlad had no prior relationship with Falvey. The two engaged in several conversations over the past six weeks, and ultimately their visions for the future differed.
“I’d say in the last two weeks we came to a decision,” Tom Pohlad said. “I think there’s going to be a desire here to find the story behind this story, and I’d just say sometimes things just run its course.”
Tom Pohlad will assume interim oversight on the business side, with EVP/GM Jeremy Zoll leading baseball operations.
Pohlad said a search for a President of Business Operations will begin immediately, though there is no exact timeline for a hire to be made at this point. The Twins are expected to engage an outside search firm for help, though Pohlad did not rule internal candidates for the role.
Falvey was one of few executives to run both the baseball and business sides. Falvey was elevated to the dual role less than a year ago. It was clear, though, that Pohlad believes the roles should be separate, as is the case with most teams. Pohlad plans to be hands on and engaged day-to-day.
Falvey plans to take some time off before deciding on his future.
“Sometimes it’s just a feel that you get where both sides sit there and say, ‘Is this the right match moving forward?’” Falvey said. “I’ll always regret not doing more and not finding us a way to win more. That will hang with me for too long because when you don’t achieve what you think the group is capable of, it just beats you up.”
Falvey endured several challenges during his tenure, including going through a team sale process which ended with the Pohlad family keeping the Twins and instead bringing on three limited partners to help take down a significant portion of their $400M-$500M debt. After making the postseason in 2023, payroll was cut $30M.
The Twins ranked 24th in attendance in 2025, averaging 22,108 fans per game. The team is currently under MLB’s TV umbrella, meaning a significant reduction in their local media revenue. Last year, Minnesota ranked 21st in total payroll at $129M.
The next President of Business Operations will be charged with partnering with Pohlad on a strategic vision while trying to re-energize a beleaguered fanbase and pursue new revenue streams. The hope is a reconfigured economic landscape via the upcoming labor negotiations could help on that front.
“We will be competitive in 2026,” Pohlad said.
