MIAMI -

Miami Marlins owner Jeffrey Loria is denying that his team's recent trade is a fire sale.

Loria spoke to reporters in Chicago at baseball owners meetings.

According to CBSSports.com, Loria said, "We finished in last place.  Figure it out."

Loria was referencing the Marlins decision to trade away Jose Reyes, Josh Johnson, Mark Buehrle, Emilio Bonifacio, and John Buck to Toronto.

In return, the team received prospects.

The Marlins payroll dipped from around $100-million to just about $20-million.

Still, Loria said, "We have to get better.  We can't finish in last place.  We finished in last place.  That's unacceptable.  We have to take a new course."