Yoon Suk-Min Takes Record Pay Cut

Remember Yoon Suk-Min (or Suk-Min Yoon, if you prefer)?  He was a top KBO hurler who fell on his face after the Baltimore Orioles signed him and sent him to AAA Norfolk in 2014.

He returned to South Korea after his disastrous American season on a generous four year deal with the KBO Kia Tigers.  Unfortunately, arm problems (too many innings pitched at too young an age for a guy who isn’t very big) have kind of dis-railed his pro career.

Anyway, Yoon is back in the news in a very minor way.  He just set a KBO record by taking a 1.05 billion ($940,000) won pay cut for the 2019 season.  He made 1.25 billion won in 2018 and will be making 200 million won ($180,000) in 2019.

By way of comparison, MLB players cannot be paid less than 80% of their previous year’s salary by their current time, although, of course, teams can simply release any player who they don’t think is worth 80% of their previous year’s salary.  As a practical matter, no MLB player ever takes a 20% pay cut unless they are badly injured.  Players who aren’t arbitration eligible generally aren’t paid enough to take a 20% pay cut, and arbitration eligible players are either non-tendered or get a pay raise simply by virtue of service time additions.

The good news for Yoon is that he made good money on his previous four-year deal, and even $180,000 a season is a good two or three years of income for the average South Korean man Yoon’s age (he’s now 32).  Playing professional baseball in a true major league is good work if you’re good enough to get it.

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Explore posts in the same categories: Baltimore Orioles, Baseball Abroad, KBO

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