NEW YORK (CBSNewYork/AP) — It’s about time!
Major League Baseball and Nippon Professional Baseball have finalized a new posting system that caps the fee for players at $20 million, a deal that may lead to star pitcher Masahiro Tanaka going on the market.
Under the rules of the three-year agreement announced Monday, a Japanese club may make players available between Nov. 1 and Feb. 1 and may set a price of up to $20 million.
Starting with the day after a player is posted and continuing for 30 days, any big league team willing to pay the fee may attempt to sign the player. A major league team pays the posting fee only if it signs the player, and the fee is then payable in installments, with the timing dependent on the amount.
A player who is not signed may not be posted again until the following Nov. 1.
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