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|<ref>{{cite news|url=http://www.koreatimes.co.kr/www/common/printpreview.asp?categoryCode=136&newsIdx=119643|title=Eagles’ Ryu on MLB radar|accessdate=July 10, 2015|work=[[Korea Times |
|<ref>{{cite news|url=http://www.koreatimes.co.kr/www/common/printpreview.asp?categoryCode=136&newsIdx=119643|title=Eagles’ Ryu on MLB radar|accessdate=July 10, 2015|work=[[Korea Times]]}}</ref> |
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Revision as of 22:23, 11 July 2015
The posting system is a baseball player transfer system that operates between South Korea's Korea Baseball Organization (KBO) and the United States' Major League Baseball (MLB). The system is based off of the original posting system that was put in place between MLB and Japan's Nippon Professional Baseball in 1998.
Under this system, when a KBO player is "posted", MLB holds a four-day-long silent auction during which MLB teams can submit sealed bids in an attempt to win the exclusive rights to negotiate with the player for a period of 30 days. If the KBO team accepts the winning bid, then the player is free to negotiate with the highest-bidding MLB team. If the MLB team and the KBO player agree on contract terms before the 30-day period has expired, the KBO team receives the bid amount as a transfer fee, and the player is free to play in MLB. If the KBO team rejects the winning bid or if the MLB team cannot come to a contract agreement with the posted player, then no fee is paid, and the player's rights revert to his KBO team.
Up to the end of the 2014–15 posting period, eight KBO players had been posted using the system. Of these, two signed Major League contracts immediately, one signed a minor league contract, four bids were rejected by KBO teams, and one could not come to a contract agreement during the 30-day negotiation period. The two players that have been acquired by MLB teams through the posting system are Hyun-jin Ryu and Jung-ho Kang. They attracted high bids of $25 million and $5 million respectively.
Past postings
Of the 15 South Korean-born players who have played in MLB,[1] 2 have entered the league using the posting system.
| Player | Posting date | KBO team | MLB team | Winning bid | Date of contract agreement |
MLB contract | Notes |
|---|---|---|---|---|---|---|---|
| Choi Hyang-namP | January 22, 2009 | Lotte Giants | St. Louis Cardinals | $101 | Minor league contract | [2] | |
| Hyun-jin RyuP | November 1, 2012 | Hanwha Eagles | Los Angeles Dodgers | $25,737,737.33 | December 9, 2012 | 6 year, $36 million | [3] |
| Jung-ho Kang | December 15, 2014 | Nexen Heroes | Pittsburgh Pirates | $5,002,015 | January 16, 2015 | 4 year, $11 million | [4] |
| Player | Posting date | KBO team | Result | Notes |
|---|---|---|---|---|
| Lee Sang-hoonP | 1998 | LG Twins | The LG Twins rejected the winning MLB team's highest bid of $600,000. | [5] |
| Jin Pil-jungP | December 2002 | LG Twins | The LG Twins rejected the winning MLB team's highest bid of $25,000. | [6] |
| Lim Chang-yongP | December 2002 | Samsung Lions | The Samsung Lions rejected the winning MLB team's highest bid of $650,000. | [7] |
| Kim Kwang-hyunP | November 4, 2014 | SK Wyverns | The San Diego Padres were awarded exclusive negotiating rights on November 11, 2014, after bidding $2 million. Contract negotiations ended without an agreement and Kim returned to the Wyverns. | [8][9] |
| Yang Hyeon-jongP | November 17, 2014 | Kia Tigers | The Kia Tigers rejected the winning MLB team's highest bid. It was reported that the Minnesota Twins or the Texas Rangers were possibly the highest bidders with a bid estimated at $1.5 million, though the exact details were never disclosed. | [10] |
Notes
- ^ "Players by birthplace : South Korea Baseball Stats and Info". Baseball-Reference. Sports Reference LLC. Retrieved May 18, 2015.
- ^ "Journeyman pitcher Choi Hyang-nam joins Austrian club". Yonhap News Agency. March 10, 2013. Retrieved July 10, 2015.
- ^ Dodgers sign Hyun-jin Ryu for six years, $36 million December 9, 2012
- ^ Bucs, Kang make it official with 4-year deal January 17, 2015
- ^ "Red Sox sign Korean LHP Sang-Hoon Lee to a two-year deal". ESPN. December 23, 1999. Retrieved July 10, 2015.
- ^ "Eagles' Ryu on MLB radar". Korea Times. Retrieved July 10, 2015.
- ^ "Eagles' Ryu on MLB radar". Korea Times. Retrieved July 10, 2015.
- ^ "Report: Padres post $2 million bid for Korean pitcher Kim Kwang-hyun". Sports Illustrated. November 11, 2014. Retrieved July 10, 2015.
- ^ "Kim Kwang-hyun fails to reach deal with San Diego Padres". Korean Herald. December 12, 2014. Retrieved July 10, 2015.
- ^ "Kia Tigers reject bid for posted pitcher Yang Hyeon-jong". Sports Illustrated. November 26, 2014. Retrieved July 10, 2015.