The Kiwoom Heroes of the Korea Baseball Organization announced that they will post outfielder and reigning league MVP Lee Jung-hoo after the upcoming season, per Yoo Jee-ho of the Yonhap News Agency.
“After some internal discussions, we agreed to respect the player’s intent to play in Major League Baseball,” the team said in a statement. “We will provide whatever support necessary for the player.” Lee also provided a quote in the statement. “The team has been giving me so much support since I was a rookie, and I was able to start dreaming about playing overseas because the team has helped me grow as a player,” he said. “First and foremost, I will concentrate on the upcoming season. I will put aside personal ambitions and try to help the team win the Korean Series.”
Lee is only 24 years old but already has already played six seasons in the KBO, bursting onto the scene in 2017 when he was only 18 years old. He played 144 games that season and only hit a couple of home runs but showed a great ability at the plate otherwise. He walked in 9.6 percent of his plate appearances while striking out in just 10.8 percent of them and produced a batting line of .324/.395/.417. That production was 12 percent better than league average, as evidenced by his 112 wRC+.
He was given Rookie of the Year honors for that performance and has only continued to get better at the plate in subsequent seasons. His excellent plate discipline has only improved as he’s settled into the league, resulting in a 10.5 percent walk rate and tiny 5.1 percent strikeout rate in 2022. That was the fourth straight season in which he walked more than he struck out. His power has also ticked up over time, with Lee launching 23 home runs in the most recent season. He finished with a batting line of .349/.421/.575 for a wRC+ of 175, indicating he was 75 percent better than league average. He was awarded Most Valuable Player for that excellent work. It’s not just at the plate where Lee shines either. He has stolen 63 bases over his six seasons in the KBO and has won Golden Glove awards for his outfield work in each of the past five campaigns.
After the upcoming campaign, Lee will have the seven seasons of experience necessary for KBO players to be posted. He will also turn 25 in August, a significant milestone for his move to MLB. International players under 25 years of age and/or with fewer than six years of professional experience are considered “amateurs” rather than professionals under MLB’s international free agency rules and are thus subject to the “bonus pool” system, where each team has an MLB-mandated cap on how much it can spend on signing bonuses.
International “amateurs” can only agree to minor league deals and signing bonuses, whereas “professionals” like former NPB players Seiya Suzuki, Masataka Yoshida and Kodai Senga (i.e. players 25 and older with six-plus years of pro experience) are free to sign Major League contracts for any length and dollar amount; for example, Shohei Ohtani came over to the Angels prior to his age-23 season, settling for a $2.3MM signing bonus and was unable to reach free agency until after 2023. Had he waited two more years, he could have immediately signed a nine-figure contract.
Lee will thus be able to sign a contract of any length or dollar amount once he reaches the open market. FanGraphs gives him a 50 grade on the 20-80 scouting scale, giving high praise for his work at the plate. They have a little bit of concern about his ground ball rate being near 60 percent and that he has struggled a bit against high velocity, but they still believe him to be a very exciting player.
If Lee does sign with a major league team next year, the club would owe a fee to the Heroes under the MLB – KBO posting agreement. That’s tied to the size of the contract itself, with the MLB team owing the KBO club 20 percent of the contract’s first $25MM, 17.5 percent of the next $25MM and 15 percent of any dollars thereafter. That fee is on top of any dollars guaranteed to the player himself, and subsequent earning (e.g. performance incentives, contract options) are also subject to the posting system once they become guaranteed to the player.
