Posting expenses are expected to be between 122 and 201 billion won
Lee Jung-hoo, who has a batting average of 340,000 (1181 hits in 3,476 times at bat) and 65 home runs and 515 RBIs OPS.898 in 884 games in the KBO League, is Korea's leading hitter. Last season, he batted .349 (193 for 553) with 23 home runs and 113 RBIs in 142 games and won five times (batting percentage, on-base percentage, slugging percentage, RBIs, and most hits) and the league MVP.
Lee Jung-hoo, who announced his advance to the Major League ahead of this year's season, ended the season early due to injury, but he performed well with a batting average of 318 in 86 games (105 hits in 330 at-bats) with six home runs and 45 RBIs OPS.861. There were some regrets, but Lee Jung-hoo started posting as scheduled. KBO announced on the 24th that Lee Jung-hoo's posting process has officially begun, saying, "I asked the Major League Secretariat to post Lee Jung-hoo to 30 major league clubs at the request of the Kiwoom Heroes club."
Although he could not play the full season due to injury this year, Major League clubs' evaluation of Lee Jung-hoo has not changed much. Rather, the interest is hotter than Korean fans' expectations. Scott Boras, an agent in charge of Lee Jung-hoo's Major League contract, said, "Nearly half of the Major League teams have been inquiring," and John Hayman, a reporter for the New York Post, expressed keen interest from major league teams, saying, "Twenty Major League teams are aiming for Lee Jung-hoo."
Thanks to this interest, local media in the U.S. are pouring out optimistic prospects for Lee Jung-hoo's contract. MLB Trade Rumors expected $50 million (about 65.3 billion won) for five years, The Athletic expected $56 million (about 73.1 billion won) for four years, ESPN expected $63 million (about 82.3 billion won) for five years, and CBS Sports expected $90 million (about 117.5 billion won) for four plus two years.
As expectations for Lee Jung-hoo's contract grow, interest in the posting fee that Kiwoom, the original team, will receive is also growing. According to the Korea-U.S. player contract agreement between KBO and Major League Baseball, Kiwoom will be paid posting fees depending on the size of Lee Jung-hoo's contract. 20% for $25 million (about 32.7 billion won), 17.5% for $25 million to $50 million, and 15% for those exceeding $50 million are set as posting fees.
If Lee Jung-hoo signs a $50 million contract as MLB Trade Rumors expected, Kiwoom will receive $9375 million (about KRW 6.5 billion), 20% of $25 million, and $4.375 million (about KRW 5.7 billion), 17.5% of $25 million.
If CBS Sports expects Lee Jung-hoo's $90 million contract to be realized, Kiwoom's posting fee will be much higher. It will receive an amount of $15.375 million (about 20.1 billion won) by adding 15% of the excess of $40 million (about 52.2 billion won) to $9.375 million.
The highest posting fee in the history of the KBO league was 25.737,737 dollars (about 33.6 billion won) of Ryu Hyun-jin (then Hanwha), who was bidding by the Dodgers in December 2012, which was a closed competitive bidding method. It will not be easy for Lee Jung-hoo to break Ryu Hyun-jin's record. However, in the current posting method, it is highly likely to be the highest amount ever, surpassing the record of Kim Ha-sung (San Diego, $5.52 million).
Attention is focusing on what kind of contract Lee Jung-hoo, who is heating up both the Korean and American baseball circles, will sign in the Major League. https://www.totositenet.com/
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