San Diego Padres Fail to Sign Kwang-hyun Kim
The Padres failed to sign South Korean lefty Kwang-hyun Kim after 30 days of negotiations, so Kim will presumably be returning to the KBO in 2015 unless a Japanese team steps forward.
Reports are were that the two sides simply couldn’t agree on the money despite Kim’s previous statements that he didn’t require a major league guarantee. Korean news out let Yonhap says that the Padres offered Kim a total of $2 million for two seasons all of it guaranteed, which is pretty much in the range of the Padres’ $2 million winning posting bid. On a $2 million posting bid, it would have been surprising indeed for the Friers to have offered more than about $3 million guaranteed, and such an offer probably would have involved a third-year option with a small buy-out.
If Yonhap’s information is accurate, then Kim’s refusal to accept the offer is a bit of a surprise, since he made only about $25o,ooo pitching in the KBO last year and his strongly professed desire to pitch in MLB. However, he will become a KBO free agent no later than two years from now, when he can reasonably expect to receive a four-year $8 million deal if he remains healthy and effective.