The time has come, and we’re excited to grow to 10 billion+α, not just $50 million.

December 5, 2023 | by

The Lee Jung-hoo signing is just beginning. Kiwoom is also excited.

Lee Jung-hoo is knocking on the door of the U.S. Major League Baseball, the ‘dream stage’. Rumors have been abounding. But now it’s official. Lee’s destination will be decided soon. The atmosphere is good. Rich clubs representing the major leagues are lining up.

John Heyman, a journalist for the New York Post, reported that Lee’s posting will begin on the 4th (Korean time). On the same day, the Kiwoom Heroes officially announced that Lee Jung-hoo’s postings would be announced.

Lee is eligible to try out for the United States after completing the 2023 season and going through the posting system.

He has been preparing for his move to the major leagues early. The KBO officially requested the MLB to post Lee on the 24th of last month. However, it was the Thanksgiving holiday in the United States. In the meantime, Lee’s posting has begun, and he is free to negotiate with major league teams for the next month.

As news of the post spread, local media outlets scrambled to cover the story.

The San Francisco Giants, San Diego Padres, and New York Yankees have been among the favorites to land Lee. In the case of San Francisco, general manager Pete Putilla even visited the Giants’ old stadium.

In addition, local media outlets such as The Athletic and USA Today all claimed that the New York Mets, a “rich club,” had entered the race to sign Lee. The three clubs mentioned above are deep-pocketed, and if the Mets get involved, Lee’s price tag could skyrocket. Since owner Steve Cohen took over in 2020, the Mets have made a name for themselves by investing astronomically in player acquisition 캡틴토토 도메인. They’ve acquired some incredible aces in Max Scherzer ahead of the 2022 season and Justin Verlander before this season, only to trade them away when their performances weren’t up to snuff.

Joining the Mets is a good thing for Lee. His agent, Scott Boras, a “master negotiator,” will have an easier time strategizing. Major League Baseball is currently in the midst of its Winter Meetings, which will conclude in seven days, and Lee’s new team will likely be outlined.

There are others waiting in the wings.

It’s the Kiwoom Heroes. A transfer through the posting system, not free agency. The team that takes him will have to pay compensation to Kiwoom.

Under the current posting system, if you sign a contract for $25 million or less in total value, your organization receives 20% of the guaranteed amount. If the total is between $25 million and $50 million, the organization receives 20% of the $25 million minimum threshold of $5 million and 17.5% of the guaranteed amount above $25 million. If your total exceeds $50 million, you receive $4.37 million in coverage up to $50 million, plus an additional 15% of the amount over $50 million.

Lee is expected to total more than $50 million. Local media projections include MLB Network at $60 million over four years, ESPN at $63 million over five years, Major League Baseball Traders at $50 million over five years, The Athletic at $56 million over four years, and FanGraphs at $60 million over four years.

In the ESPN example, a $63 million contract would earn Kiermaier $11.32 million. That’s about $14.8 billion in Korean won. That’s a lot of money. Once Kiwoom breaks the $50 million mark, it will be worth more than $10 billion. This will give the organization breathing room for future investments and operations. Kiwoom already received $5.25 million (about $7.2 billion) in 2021 for sending Kim Ha-seong to the Major Leagues by posting him. This time, they’re hoping to double that.


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