Lee Jung-hoo’s ‘148.3 billion jackpot’ and Kiwoom’s ‘24.7 billion jackpot’… It earned three years’ worth of player salary at once

Local media in the U.S. reported on the 13th (Korea time) that Lee Jung-hoo will sign a six-year total of $113 million contract with San Francisco. It is a huge contract worth about 148.3 billion won in Korean won.

Lee Jung-hoo is ready for his move to the Major League. After finishing this season, Lee Jung-hoo became eligible to participate in posting and declared his bid for the Major League before the season. The team also actively helped Lee Jung-hoo, who has ample skills and star quality, advance to the Major League.

I knew he would leave. But I never expected this huge success. Originally, a four-year contract worth 50 million U.S. dollars to 70 million dollars seemed likely. However, with San Francisco showing keen interest in Lee Jung-hoo leading the recruitment race, Kim Ha-sung’s San Diego Padres joined the race, sparking competition.

The Toronto Blue Jays and Chicago Cubs missed Shohei Ohtani as well. Lee’s agent was Scott Boras. His contract period increased to six years and his ransom had to skyrocket. The inclusion of opt-out four years later is in Lee’s favor. 파워볼실시간

The last winner was San Francisco. At the end of the season, Scouts showed their passion to visit Gocheok Sky Dome, where Kiwoom’s game will be held. Even in the final game of the season, general manager Pete Putilla visited the stadium himself and watched Lee Jung-hoo say his last goodbye to home fans.

Kiwoom has a big smile. After posting, the team that takes the player must give a fixed reward to its original team, Kiwoom. According to the current posting system, if a player signs a contract for a total of less than $25 million, the original team will receive 20% of the guaranteed amount. A total of $25 million to $50 million will receive $5 million, 20% of the minimum $25 million baseline, and 17.5% of the guaranteed amount exceeding $25 million. If the total exceeds $50 million, you will receive $9.375 million in compensation up to $50 million, plus an additional 15% of the amount exceeding $50 million.

If so, Lee Jung-hoo will receive $9.375 million in compensation in excess of $9.45 million. 15% of the $113 million minus $50 million will be added. A total of $18.825 million will come into Kiwoom’s hands. It is about 24.7 billion won in Korean won. The “Lee Jung-hoo jackpot” exploded in Kiwoom.

Kiwoom is a team that spent about 8.3 billion won on the team’s annual salary in 2023. Lee Jung-hoo’s “jackpot” means that Kiwoom earned three years’ worth of team salary. Kiwoom’s general manager Ko Hyung-wook said, “I can’t help but be glad that Jung-hoo was recognized and treated so well.” Kiwoom’s profits were avoided directly, but a big smile was felt afterwards.

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