In what has easily been the most heated bidding war that I just found out existed today, Jon Heyman reports that a mystery team has paid $25.7M for the right to negotiate with 25-year old Korean LHP Ryu Hyun-Jin from the Hanwha Eagles of the Korean Baseball Organization (KBO). The official winning bid of $25,737,737, the highest ever for a Korean player, may seem like a weirdly specific number until you learn from MLBTR (and a lesser extent, Yahoo Answers) that the numbers 3 and 7 are considered lucky in Korean culture.
Archive for the ‘Hot Stove’ Category
Posted by Archi Zuber under Free Agency, Hot Stove, Trades And Signings on Nov 10, 2012
Posted by Bill Parker under Hot Stove, New York Yankees, Rafael Soriano on Nov 01, 2012
It’s surprising to me how little attention the new free agent compensation system has gotten. Marc Normandin has a nice overview of it here, Jeff Sullivan here; essentially, there’s no more Type A and Type B. Instead, any departing free agent will bring back a draft pick (only the one, a sandwich pick) for the team that loses him — and cost an unprotected first-rounder for the team that gets him — as long as his old team is willing to make a “qualifying offer,” a one-year deal worth the average of the top 125 big-league salaries (this year, $13.3 million). It’s really quite different from what we’re used to, and I don’t think anyone really knows how it’s going to affect things yet, but it certainly could change things substantially.
And Yankees’ reliever Rafael Soriano, who is represented by Scott Boras and played a big role in exposing the developing flaws in the old system when he accepted arbitration with the Braves in 2009, may be the first to really put the system to the test. Yesterday, Soriano opted out of the final year of his contract.
This was not a surprise. It’s barely even news. Parkes covered it here over a month ago, saying Soriano had “nothing to lose.” And that’s probably true.