Japanese teams post a player through their commissioner’s office, which notifies its American counterpart to make an announcement to all 30 clubs. Interested teams have four days to submit a secret bid, known as the posting fee. If the highest bid is accepted, the team making it has 30 days to negotiate exclusively with the player. If no deal is reached, the posting fee is returned to the major league club and the player’s rights revert to his Japanese club.
The posting system was created to address player transfers in December 1998, mostly as a response to the messy process that ultimately landed pitcher Hideki Irabu with the Yankees. ...
The first player to change leagues through the new system was another Dominican, pitcher Alejandro Quezada, also of the Carp. Before the 1999 season, he made history when the Cincinnati Reds won the first posting with a bid of $400,000 for his negotiating rights. Quezada, who later changed his name to Diaz, pitched in the Reds’ minor league system through 2003, but never appeared in a major league game.
Nearly two years later, the heralded outfielder Ichiro Suzuki became the first Japanese player to use the system. His Orix club reaped a $13.1 million posting fee from the Seattle Mariners after he signed a three-year, $14 million contract.
Over all, 11 players - nine Japanese and two Dominicans - have signed with major league teams through the posting system. Six postings failed to produce a player transfer, the first five because no teams bid.
bobm
Posted: November 10, 2011 at 07:56 AM |
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1. Bob Evans Posted: November 10, 2011 at 08:09 PM (#3990447)For the two or three out there who are curious ... the following is based on my understanding of the negotations, which may be mistaken (thus calling into question my #3, but bear with me).
But first, here's a history of successful posts:
Player Date Team Post ContractQuezada 02/99 CIN 0.40 minor
Ichiro! 11/00 SEA 13.13 3/14.0
Ishii 01/02 LAD 11.26 4/12.3
Ramírez 02/03 NYA 0.35 minor
Otsuka 11/03 SDP 0.30 2/ 1.50
Nakamura 01/05 LAD --- minor
Mori 12/05 TBY 0.75 2/ 1.4
Matsuzaka 11/06 BOS 51.11 6/ 52
Iwamura 11/06 TBY 4.50 3/ 7.7
Igawa 11/06 NYY 26.00 5/20.0
Nishioka 11/10 MIN 5.33 3/ 9.0
Oakland's winning bid was (reportedly) 19.1 million.
AFAICT, Oakland initially offered 4/15.1 and may have been as willing to go as high as 4/16.9. My understanding had been that Nomura wanted Oakland's commitment to be 4/48 - or 4/28.9M to the pitcher. (This would still be on the high side, in comparison to the Matsuzaka and Igawa deals, but Iwamura was known to be a tougher get going in - the winner should've expected the bid to be a bit less than the contract proper in this instance). I now think Nomura's supposed ask of 12M per for 4 years was exclusive of the posting fee - which is a whole different ball of wax.
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