4 January 2024

‘To SD’ Ko Woo-seok signs a 2+1 year contract with mutual consent options. What is the posting fee that LG will receive?

By pestfood.com

The details of Ko Woo-suk’s contract have been revealed.

Major League Baseball’s official website MLB.com said on January 4 (Korea Standard Time) that the San Diego Padres and Ko Woo-suk agreed to a contract.

Ko Woo-suk, who challenged the big league through posting, dramatically found the team ahead of the posting deadline. Ko agreed to a two-year, $4.5 million contract with San Diego. The guaranteed contract is two years, but it is a two-plus-year contract that allows him to stay in San Diego for up to three years as an option.

According to The Athletic, Ko will be paid 1.75 million dollars per year for the 2024 season and 2.25 million dollars for the 2025 season. In the third season, there is a 3 million dollar mutual consent option (buyout $500,000). This option is implemented only when both the player and the club agree. If the option is implemented, the size of the contract can increase up to 7 million dollars for three years. It is not yet known whether incentives will be included based on performance.

It is a small contract considering the recent situation in the Major League market, which has caused enormous inflation. It is a big difference from the six-year, $113 million contract that Lee Jung-hoo, a “brother-in-law,” signed with the San Francisco Giants. It is a small contract compared to the “senior” pitchers who headed to the Major League from the KBO League. 마카오토토주소

It is smaller than the contracts of Ryu Hyun-jin, who was the highest posting contract before Lee Jung-hoo, as well as Kim Kwang-hyun, who advanced before the 2020 season, and Oh Seung-hwan, who entered the big league stage in the 2016 season. It is true that he knocked on the big league door at a young age as a born in 1998, but his poor performance in the 2023 season was a stumbling block.

The LG Twins, Ko’s original team, officially announced on the 3rd that it would allow Ko to sign a big league contract. Based on the guaranteed contract amount, LG’s posting fee from San Diego is $900,000, 20% of the $4.5 million.