Since Kim is coming from the KBO, rather than Japan’s NPB, he will be subject to the old posting rules rather than the modified MLB-NPB process put in place at last year. As former MLBTR writer Ben Nicholson-Smith explained back in November of 2012, with regard to Hyun-jin Ryu, MLB clubs will participate in a blind bidding process. The KBO club will then have the chance to decide whether the high offer is enough to let the player go. If so, the KBO team allows the player to negotiate with the high-bidding MLB club.
If a deal is reached within the allotted 30-day window, the KBO team receives the posting sum; if not, no money changes hands and the player stays with the Korean club. MLB teams have four days to submit their bid from the date of posting, meaning that bids must be in by this coming Saturday.