Current:Home > StocksSan Francisco Giants sign Korean baseball star Jung Hoo Lee to six-year, $113 million deal -FinanceMind
San Francisco Giants sign Korean baseball star Jung Hoo Lee to six-year, $113 million deal
View
Date:2025-04-17 16:32:02
Another international baseball star is headed to the West Coast.
The San Francisco Giants have signed South Korean outfielder Jung Hoo Lee to a six-year, $113 million deal, a person with knowledge of the agreement told USA TODAY Sports' Bob Nightengale.
The person spoke on the condition of anonymity because the deal wasn't yet official.
Lee was regarded as one of the best players in South Korea's KBO League, spending the past seven seasons with the Kiwoom Heroes. In his time with the Heroes, Lee hit for a whopping .340 average with 65 home runs, 69 stolen bases and more walks (383) than strikeouts (304).
The 25-year-old center fielder won rookie of the year in 2017 at age 18 and also won the KBO MVP award in 2022, when he batted .349 and tallied career-highs with 23 homers and 113 RBI. In 2023, Lee played in only 86 games before an ankle injury shortened his season, but he was still a highly sought free agent this winter.
HOT STOVE UPDATES: MLB free agency: Ranking and tracking the top players available.
He was also a star for the South Korean national team in the 2023 World Baseball Classic despite not advancing out of the group stages, hitting .429 in 14 at-bats with two doubles and five RBI. Lee also starred on the South Korean team that advanced to the bronze medal game of the 2020 Tokyo Olympics before losing to the Dominican Republic.
Lee's posting fee will be 20% of the first $25 million of a major league contract, including earned bonuses and options. The percentage drops to 17.5% of the next $25 million and 15% of any amount over $50 million. There would be a supplemental fee of 15% of any earned bonuses, salary escalators and exercised options.
ANALYSIS:Shohei Ohtani's $700M deal is extreme, MLB deferred contracts have a storied history
The signing of Lee gives San Francisco a high-profile free agent signing after they were one of the finalists in the Shohei Ohtani sweepstakes before he ultimately signed with the Los Angeles Dodgers. The Giants also missed out on Aaron Judge last offseason after he re-signed with the New York Yankees.
Signing with San Francisco means the Giants will have an everyday-player in the outfield, and someone that could be one of the most disciplined hitters in baseball.
Contributing: Bob Nightengale; Associated Press
veryGood! (24)
Related
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- North Korea’s Kim says he’ll launch 3 more spy satellites and build more nuclear weapons in 2024
- Reports: Former cycling world champ Dennis charged after Olympian wife struck, killed by vehicle
- China’s manufacturing activity slows in December in latest sign the economy is still struggling
- Global Warming Set the Stage for Los Angeles Fires
- When is the 2024 Super Bowl? What fans should know about date, time, halftime performer
- China calls Taiwan presidential frontrunner ‘destroyer of peace’
- Most funding for endangered species only benefits a few creatures. Thousands of others are left in limbo
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Chief Justice Roberts casts a wary eye on artificial intelligence in the courts
Ranking
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Consulting firm McKinsey agrees to $78 million settlement with insurers over opioids
- Consulting firm McKinsey agrees to $78 million settlement with insurers over opioids
- Not all New Year's Eve parties are loud and crowded. 'Sensory-friendly' events explained.
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Putin lauds Russian unity in his New Year’s address as Ukraine war overshadows celebration
- California law banning most firearms in public is taking effect as the legal fight over it continues
- After landmark legislation, Indiana Republican leadership call for short, ‘fine-tuning’ session
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Chief Justice Roberts casts a wary eye on artificial intelligence in the courts
Cowboys deny Lions on 2-point try for 20-19 win to extend home win streak to 16
Kirk Cousins leads 'Skol' chant before Minnesota Vikings' game vs. Green Bay Packers
This was the average Social Security benefit in 2004, and here's what it is now
Up First briefing: Life Kit has 50 ways to change your life in 2024
Russia carries out what Ukraine calls most massive aerial attack of the war
See Martha Stewart's 'thirst trap' selfie showcasing luxurious nightgown