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November 11, 2012

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MLB team bids big for Korean lefty

SOUTH Korea's Hanwha Eagles say a Major League Baseball club has bid nearly US$26 million for a chance to sign pitcher Ryu Hyun-jin.

The Eagles said yesterday they have accepted a posting fee of US$25.7 million for the 25-year-old left-hander. The team that submitted the winning bid was not revealed. The Chicago Cubs, Los Angeles Dodgers and Texas Rangers were among the clubs thought to be interested in Ryu.

The winning bidder now has 30 days to negotiate a contract with Ryu, who was 98-52 with a 2.80 career ERA during seven seasons in South Korea. He pitched for his country on teams that won a gold medal at the Beijing Olympics in 2008 and reached the championship game of the 2009 World Baseball Classic.

The US$25.7 million fee will be paid to the Eagles only if Ryu signs with the MLB team.

The posting system brought Japanese stars Yu Darvish, Ichiro Suzuki and Daisuke Matsuzaka to the majors. Last year, the Rangers gave Darvish a six-year contract guaranteeing him US$56 million after submitting a record US$51,703,411 posting bid to his former team, the Hokkaido Nippon Ham Fighters.




 

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