Posting system (KBO) explained

The posting system is a baseball player transfer system that operates between Korea Baseball Organization (KBO) and the Major League Baseball (MLB). The system is based on the original posting system that was put in place between MLB and Nippon Professional Baseball (NPB) in 1998.

To be eligible for posting, a player must have first played at least seven years in the KBO.[1] 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 eight players that have been acquired by MLB teams through the posting system are Choi Hyang-nam, Hyun-jin Ryu, Jung-ho Kang, Byung-ho Park, Kwang-hyun Kim, Ha-seong Kim, Jung-hoo Lee, and Woo-suk Go.

Postings

Past postings

Of the South Korean-born players who have played in MLB,[2] seven have entered the league using the posting system.

Successful postings
PlayerPosting dateKBO teamMLB teamWinning bid or posting feeDate of contract
agreement
MLB contractNotes
Lotte GiantsSt. Louis Cardinals$101$0Minor league contract[3]
Hanwha EaglesLos Angeles Dodgers$25,737,737.33$6,000,0006 year, $36 million[4]
Nexen HeroesPittsburgh Pirates$5,002,015$2,750,0004 year, $11 million[5]
Nexen HeroesMinnesota Twins$12,850,000$3,000,0004 year, $12 million[6] [7]
SK WyvernsSt. Louis Cardinals$1,600,0002 year, $8 million[8]
Kiwoom HeroesSan Diego Padres$5,525,0004 year, $28 million[9] [10]
Kiwoom HeroesSan Francisco Giants$18,825,0006 year, $113 million[11]
LG TwinsSan Diego Padres$900,0002 year, $4.5 million[12]

This player is a pitcher.

Unsuccessful postings
PlayerPosting dateKBO teamResultNotes
1998LG TwinsThe LG Twins rejected the winning MLB team's highest bid of $600,000.[13]
December 2002Doosan BearsThe Doosan Bears rejected the winning MLB team's highest bid of $25,000.[14]
December 2002Samsung LionsThe Samsung Lions rejected the winning MLB team's highest bid of $650,000.
SK WyvernsThe 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.[15] [16]
Kia TigersThe 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.[17]
Lotte Giants
Lotte GiantsThe Lotte Giants did not receive any bids.[18]
Doosan Bears
LG Twins

This player is a pitcher.

See also

Notes and References

  1. Adams, Steve. "MLB, KBO Reportedly Agree To New Posting System," MLB Trade Rumors (July 12, 2018).
  2. Web site: Players by birthplace : South Korea Baseball Stats and Info . . Sports Reference LLC . May 18, 2015.
  3. Web site: Journeyman pitcher Choi Hyang-nam joins Austrian club. July 10, 2015. March 10, 2013. Yonhap News Agency.
  4. http://www.cbssports.com/mlb/eye-on-baseball/21336674/dodgers-sign-hyunjin-ryu-for-six-years-36-million "Dodgers sign Hyun-jin Ryu for six years, $36 million,"
  5. http://m.pirates.mlb.com/news/article/106592314/pirates-jung-ho-kang-make-it-official-with-4-year-11m-deal Bucs, Kang make it official with 4-year deal
  6. Web site: Byung Ho Park joins Twins. ESPN.com. December 1, 2015. December 1, 2015.
  7. Web site: Ex-MVP Park Byung-ho returns to KBO after brief MLB stint. November 27, 2017. Yonhap News Agency.
  8. Web site: Cardinals sign Korean lefty Kim to 2-year deal. MLB.com . Anne Rogers. December 18, 2019 . January 3, 2021.
  9. Web site: KBO에 김하성 MLB 포스팅 공시 요청 . KIWOOM HEROES . ko . November 25, 2020 . January 3, 2021 .
  10. Web site: Padres sign Ha-Seong Kim to four-year contract . MLB.com . December 31, 2020 . January 3, 2021 .
  11. https://sports.news.naver.com/news.nhn?oid=241&aid=0003319196 포스팅 비용 244억원 안기고 떠난 영웅, "우리를 행복하게 한 이정후, 항상 기억하고 응원"
  12. Web site: S. Korean All-Star closer Go Woo-suk signs with San Diego Padres. en.yna.co.kr . Yoo Jee-ho. January 4, 2024 . January 5, 2024.
  13. News: Red Sox sign Korean LHP Sang-Hoon Lee to a two-year deal. July 10, 2015. December 23, 1999. ESPN.
  14. News: Kang Seung-woo. Eagles' Ryu on MLB radar. September 11, 2012. June 30, 2020. Korea Times.
  15. Report: Padres post $2 million bid for Korean pitcher Kim Kwang-hyun. July 10, 2015. Sports Illustrated. November 11, 2014.
  16. News: Kim Kwang-hyun fails to reach deal with San Diego Padres. July 10, 2015. December 12, 2014. Korean Herald.
  17. Kia Tigers reject bid for posted pitcher Yang Hyeon-jong . July 10, 2015. Sports Illustrated. November 26, 2014.
  18. Web site: Charlie Wilmoth . Lotte Giants Receive No Bidders For Jae-Gyun Hwang . MLB Trade Rumors . December 4, 2015 . July 6, 2017.