Byung-ho Park Gets a $12.85 M Posting Fee From Unknown Team

The posting process for Byung-ho Park has reached a close, with the Nexen Heroes accepting a $12.85 M posting fee, according to reports out of Korea.

No word yet on the team, although it appears that revelation could be delayed until Monday night.

As to why it takes this long:

We can already see the Kang effect here, as Park’s posting fee was more than double what Kang fetched ($5 M). Park’s fee was also more than what Kang was guaranteed in his four-year deal ($11 M).

We know that the Pirates had front office members¬†watching Park in August, but it’s hard to say whether they’d go this aggressively for him with Josh Bell in Triple-A. Park will most likely get more than Kang’s four-year, $11 M, especially with this posting fee. If we assume the salary sees the same percentage increase as the posting fee, then Park would be looking at just over $28 M in a four-year deal, which would be about $7 M per year. When added to the posting fee, that would make him a $10 M per year player.

This is only speculation over his cost, but at that price, he pretty much has to be a starter at first base, worth about 1.7 WAR per season. At first base, that would mean about an .800 OPS with good defense.

I wouldn’t assume either way on whether the Pirates are involved here, but their aggressive plunge into the KBO hitter’s market last year makes this a situation to follow until we find out the team.

Tim is the owner, producer, editor, and lead writer of PiratesProspects.com. He has been running Pirates Prospects since 2009, becoming the first new media reporter and outlet covering the Pirates at the MLB level in 2011 and 2012. His work can also be found in Baseball America, where he has been a contributor since 2014 and the Pirates' correspondent since 2019.

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