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Korean star pitcher Ryu Hyun-Jin available for bidding, hires agent Scott Boras

Oct 29, 2012, 10:15 AM EDT

Ryu Hyun-Jin Getty Images

MLB teams will be able to bid on the negotiating rights to Korean pitching star Ryu Hyun-Jin, according to Yoo Jee-Ho of the Yonhap News.

Hyun-Jin, a 25-year-old left-hander who’s been one of the Korea Baseball Organization’s best pitchers since 2006, will be “posted” by the Hanwha Eagles and has already hired agent Scott Boras to represent him.

Lots of players have come to MLB via the Japanese posting process, but the Korean version is slightly different. Jee-Ho describes how it works:

The KBO club can either accept or reject the highest bid amount following the auction. Once the non-negotiable bid is accepted, the interested MLB team will have the exclusive right to negotiate with the posted player. When the two sides agree on contract terms, the Eagles will then take the bid money as a transfer fee for the player. On the other hand, the Eagles may also reject any bid, in which case Ryu will remain with the KBO team next year.

In other words, it’s basically a silent auction with a reserve/minimum price that no one actually knows yet. Hyun-Jin has made it clear that he wants to pitch in America and could leave Korea as an outright free agent in 2014, so this is his team’s chance to get something in return.

Hyun-Jin was the first Korean player to win Rookie of the Year and MVP in the same season and has led the KBO in strikeouts five times. According to Jee-Ho he “can reach up to 93 miles per hour with his fastball, and major league scouts have said they like his command with his changeup and slider.”

  1. bigzant82 - Oct 29, 2012 at 11:05 AM

    NY METS PLEASE SGN THIS KID IF DICKEY LEAVES OR EC THEN IT WOULD MAKE SENSE HOW MANY KOREANS LIVE IN THE FLUSHING SINCE THERE ARE ALOT OF ASIANS IN THAT AREA OF NYC AND QUEENS

    • cur68 - Oct 29, 2012 at 11:33 AM

      Ow, my ears. Stop shouting. Jeez.

      • bigzant82 - Oct 31, 2012 at 6:30 PM

        know ya role n mind ya bussiness

      • cur68 - Oct 31, 2012 at 6:50 PM

        On the intertubes? You new to this medium? NO ONE MINDS THERE OWN BUSINESS HERE: IT’S A PUBLIC FORUM. Also, my roll is to crack wise. Mission accomplished. See ya on the funny pages.

  2. cur68 - Oct 29, 2012 at 11:35 AM

    Its moves like signing this kid that’ll expand baseball over seas. Hope he’s worth the investment.

    • blacksables - Oct 29, 2012 at 1:43 PM

      No, moves like this expand baseball in the United States.

      Playing games overseas and helping set up actual minor leagues (where the players are paid) in other countires will expand baseball overseas.

      • cur68 - Oct 29, 2012 at 1:45 PM

        Sure. And youngsters bak home won’t follow this guys career, play backyard/schoolyard/little league ball and want to be JUST like him…

      • blacksables - Oct 29, 2012 at 2:10 PM

        Outside of Korea, Japan, Mexico, Australia (sometimes) and a few Caribbean countries, where the get paid, where are you expecting these kids to play to get noticed by scouts?

        The world consists of more than just the finalists in the WBC. Great for the top 8 counties. What about the other 192? How is the game expanding in those areas?

  3. whitdog23 - Oct 29, 2012 at 12:17 PM

    add the kid just because Asians live nearby?? every team can say that. what ridiculous reasoning

    • sunrider101 - Oct 29, 2012 at 3:01 PM

      right, the reason should be left handed pitcher with 93 MPH fastball, and commanding changeup and slider.

      with that big frame of his, this kid reminds me of CC a lot.

  4. geoknows - Oct 29, 2012 at 6:17 PM

    I don’t see any difference from the NPB posting process. They also have the right to reject the high bid.

  5. raylukjr - Oct 31, 2012 at 4:20 PM

    Does anybody here have a copy of the KBO Posting Agreement? I found a copy of the NPB Posting Agreement but cannot find a copy of the KBO one anywhere online.

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