bookmeforphotographers.com

“I think I’m going to go over it.” LG Maintains power, walks on a tightrope for salary cap

December 26, 2023 | by bookmeforphotographers.com

Is it the price of LG Twins’ win in 29 years? LG Twins is expected to become a team that violates the salary cap for the first time in professional baseball history.

LG burst into massive contracts one after another last week. They announced contract with pitcher Lim Chan-kyu on Monday and with pitcher Ham Deok-ju as a free agent on Monday, respectively. Both players have four years of contract. Lim will receive up to 5 billion won (down payment of 600 million won, total annual salary of 2 billion won, incentive of 2.4 billion won), and Ham will receive up to 3.8 billion won (down payment of 600 million won, total annual salary of 1.4 billion won, incentive of 1.8 billion won). The total amount of the two contracts amounts to a maximum of 8.8 billion won.

LG’s combined annual salary for the top 40 players in this season was 10.797 billion won (approx. It was the third highest in the Korean league after Doosan Bears (11.18 billion won or 11.18 billion won or 11.18 billion won or 10.846 million won or 10.8 million won or 10.8 million won or 10.68 million won or 10.68 million won or 10.14 million won or 10.14 million won or 10.68 million won or 11.14 million won or 11.14 billion won or 11.14 billion won or 11.68 billion won or 11.68 billion won or 11.24 million won or 11.68 million won or 11.68 million dollars) in salary capability. However, LG had to cut back on its spending to keep its key players in the league for the first time in 29 years. In addition, LG Electronics was forced to open its wallet as well as Lim Chan-gyu and Ham Deok-ju.

LG maintained its winning power by taking bold steps, but the salary cap is a problem. Asked if the salary cap is okay, LG General Manager Cha Myung-seok said in a phone call with this newspaper after announcing the contract with Lim Chan-kyu, “It’s not okay. We have achieved results (to advance to the postseason) for five consecutive years and won the championship, but we can’t catch any of these players (FA) if we don’t want to surpass the salary cap. (We have to calculate it), but I think we will surpass it for now.”

LG also officially announced Oh Ji-hwan’s contract on the 21st. Oh Ji-hwan reportedly signed a multi-year non-FA contract in January, but there was no official announcement. A large contract of up to 12.4 billion won (down payment of 5 billion won, total annual salary of 5 billion won, incentive of 2.4 billion won) will be applied for six years from 2024. For LG, which has many FA contract players in the team, including outfielder Kim Hyun-soo, Park Hae-min, and catcher Park Dong-won, the salary cap burden is not small if Lim Chan-kyu and Ham Deok-ju and Oh Ji-hwan are added.

“It is true that the salary cap between Doosan and LG, which signed a contract to stay with FA Yang Seok-hwan, looks the most dangerous,” a source from the team said. “Many say that Doosan is putting FA contract players’ annual salary behind (dispersed) players to avoid salary cap. LG is likely to exceed the salary cap when simply calculating the announced amount. Everyone is curious about the result.” 월카지노

Another variable is whether closing pitcher Ko Woo-suk will remain in the team. Ko is currently knocking on the door of the U.S. Major League Baseball (MLB) through a posting system (closed competitive bidding). If he stays at LG, he will have to include his annual salary (2023, 430 million won) in next season’s salary cap. Another consideration is that Ko is a prospective FA. This is because prospective FA receives a premium in negotiation for annual salary of the year, considering transfer compensation.

KBO League salary caps are subject to sanctions or penalty for losing the right to select a rookie draft in the first round depending on the number of times they exceed. This year, when the system was first implemented, all 10 professional baseball teams did not exceed salary caps. It could be different next year.

RELATED POSTS

View all

view all