New Posting System for KBO and Major Leagues

The Korean Baseball Organization (KB)) and the major leagues have agreed to a new posting system. Under this new system which is similar to an agreement made between the major leagues and Japan, a Korean player that is posted can negotiate a contract with any major league team. The posting team is then rewarded with a percentage of the total value of the contract. Previously, the Korean player could only negotiate with the team that submitted the highest posted price and then that player could negotiate only with that team.

For guaranteed contracts of less than $25 million the Korean club will get a payment of 17.5 percent. Contracts between $25 million and $50 million the payment will be 20 percent of the first $25 million and 17.5 percent of the next $25 million. Contracts that exceed $50 million will have 20 percent of the first $25 million, 17.5 percent of the next $25 million and 15 percent of any amount greater than $50 million.

The new agreement has also shortened the time frame for the negotiating period for posted players from November 1 to March 1 to November 1 through December 5.

While Korean players applauded the new procedures because it gave a greater amount of the contract to the players and allowed them to negotiate with all teams, it may also provide a disincentive for teams to post their stars.

The above information was acquired from Yonhap News.

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