Lee Jung-hoo’s free agency begins in earnest

The recruitment campaign for Lee Jung-hoo (25, Kiwoom), who has declared his intention to play in the Major League Baseball (MLB), is in full swing. On the 4th, Kiwoom announced that “Lee Jung-hoo’s posting notice to the Major League Baseball will be made on the 4th of this month.” Accordingly, Kiwoom will have 30 days from the day after the posting notice to freely negotiate with MLB teams that want to sign Lee. The negotiation period is from 10 p.m. KST on the 5th to 7 a.m. KST on the 4th of the following month. If an MLB team fails to reach a transfer agreement within this period, Lee will have to wait until November 1 of next year to return to the United States.

The San Francisco Giants, New York Yankees, San Diego Padres, and New York Mets are among the teams reportedly interested in Lee. In the U.S., it is expected that Lee will sign a four- to five-year contract with a total value of $50 million (approximately KRW 65.2 billion). The transfer fee received by his original team Kiwoom will depend on the total amount of Lee’s contract. 먹튀검증토토사이트 If Lee signs for a total of $25 million or less, Kiwoom will receive 20% of the guaranteed amount; if Lee signs for a total of $25 million or more but less than $50 million, Kiwoom will receive $5 million, which is 20% of the $25 million minimum threshold, and 17.5% of the guaranteed amount above $25 million. If the contract total exceeds $50 million, the transfer fee is 15% of the amount over $50 million plus $4.375 million in compensation.

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