MLB, Nippon Baseball agree to cap posting 12/18/13
December 18, 2013
UNDATED - Major League teams won't have to pay the Japanese leagues as much for one-month signing rights to Japanese stars. However, the new setup will lead to a different kind of bidding war.
MLB and Nippon Professional Baseball have finalized a new posting system that caps the fee for players at $20 million. Under the rules, a Japanese club may make players available between Nov. 1 and Feb. 1 and may set a price of up to $20 million. Any team willing to pay the fee will have 30 days from the posting to sign a player. A major league team pays the posting fee only if it signs the player.
The three-year agreement may lead to star pitcher Masahiro Tanaka (mah-shah-HEE'-roh tah-NAH'-kah) going on the market.