After much drama and a 24-hour extension, Major League Baseball, the Major League Baseball Player’s Association and Nippon Professional Baseball finally reached a deal today on a new posting agreement.
Major League Baseball owners will vote to ratify the agreement next Friday, and players can be posted as soon as the deal is ratified. Per MLB.com’s Jon Morosi, the vote to ratify “is expected to be a formality”.
The agreement will grandfather the two players who will be posted this offseason (Shohei Ohtani and Kazuhisa Makita). Their parent clubs, the Hokkaido Nippon-Ham Fighters and Saitama Seibu Lions respectively, will receive up to a $20 million posting fee from the MLB club that signs their player.
The changes will take effect during the 2018-19 offseason. According to the New York Post’s Joel Sherman, Japanese clubs will no longer receive a flat posting fee from MLB teams when a player is signed. NPB teams will instead receive a percentage of the player’s deal based on the deal’s total value:
- Minor league contract: 25 percent
- Less than $25 million: 20 percent
- Between $25 million and $50 million: 17½ percent
- $50 million and above: 15 percent
Sherman also reported that players can only be posted from Nov. 1 to Dec. 5 , and must sign with a team within 30 days of being posted in the new agreement. NPB teams are unable to pull a player back once posted in the new agreement since they now receive a guaranteed percentage of their player’s new contract in America.
Ohtani and Makita could sign with a team as soon as Dec. 1.