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Twins finished runner-up in bidding for Hisashi Iwakuma

Dec 21, 2010, 3:42 PM EST

Hisashi Iwakuma pitching

Minnesota won the exclusive negotiating rights to Tsuyoshi Nishioka with a $5.3 million bid and eventually signed the Japanese infielder to a three-year, $9.25 million contract, and this afternoon general manager Bill Smith revealed that the Twins also finished runner-up in the bidding for Japanese right-hander Hisashi Iwakuma.

In an interview with Patrick Reusse and Phil Mackey on 1500-ESPN radio, Smith explained that the Twins bid $7.7 million for the negotiating rights to Iwakuma. Oakland blew that number out of the water with their winning $19.1 million bid, but then the A’s were unable to work out a contract with Iwakuma and he returned to Japan angry.

Based on Iwakuma’s reported asking price it seems likely that the Twins also would have balked at his demands, but had the posting fee been $7.7 million instead of $19.1 million it’s possible he would have asked for significantly less money and/or the Twins would have had more room in the total budget for the acquisition to offer him a palatable contract.

Whatever the case, it’ll be interesting to see what happens when Iwakuma is up for bid again next offseason.

  1. okobojicat - Dec 21, 2010 at 3:49 PM

    I thought Iwakurma was a free agent at the end of this year and could sign where he wanted to. Is that not so?

    • okr1st - Dec 21, 2010 at 5:00 PM

      He’ll be a free agent after the upcoming season.

  2. ThatGuy - Dec 21, 2010 at 5:06 PM

    Its a festivus Miracle!

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