Lee Jung-hoo, 25, who has signed with the San Francisco Giants of Major League Baseball (MLB), will receive a transfer fee of 8 billion won at the current exchange rate, depending on his opt-out.

The San Francisco Giants announced on Saturday (July 16) that they have signed Lee Jung-hoo to a six-year, $113 million (approximately $147.4 billion) contract.헤라카지노

He will play for San Francisco for four years until 2027, after which he will have the option to opt out and become a free agent again.

If he opts out, Lee will be able to hit the free agent market again and pursue a long-term deal for a larger sum of money.

If he does not opt out, he will play two more years in a San Francisco uniform through 2029.

Lee’s contract details include a $5 million signing bonus and annual salaries of $7 million (2024), $16 million (2025), $22 million (2026-2027), and $25 million (2028-2029).

If he exercises his opt-out right, his guaranteed value over the four years through 2027 is $72 million, for a total guaranteed value of $113 million if he does not opt out.

Lee’s induction ceremony
(SAN FRANCISCO) Taejong Kim Correspondent = Lee Jung-hoo speaks during the San Francisco Giants’ induction ceremony at Oracle Park in San Francisco, California, U.S., on Dec. 15. 2023.12.16 taejong75@yna.co.kr

Lee signed with the Giants through the MLB posting system (sealed competitive bidding) in accordance with the Korea-U.S. Player Contract Agreement as a non-free agent in Korean professional baseball.

Under the agreement, the Giants will pay Lee’s club, Kiwoom, a percentage of the contract value in three tiers.

San Francisco CEO Larry Baer and Lee Jung-hoo.

If Lee completes the six years of his contract with the Giants, based on a base salary of $113 million, the Giants will pay Kiwoom $18.85 million in transfer fees: $5 million, 20 percent of the $25 million guaranteed, $4.37 million, 17.5 percent of the $25 million to $50 million, and $9.45 million, 15 percent of the amount over $50 million ($63 million).

If Lee Jung-hoo opts out, the contract total will be reduced to $72 million, and the transfer fee will be reduced to $12.67 million ($16.5 billion), comprised of $5 million, 20% of $25 million, $4.37 million, 17.5% of $25 million to $50 million, and $3.3 million, 15% of the amount in excess of $50 million ($22 million).

Lee Jung-hoo says he’s “now a big leaguer”

Because Lee’s guarantee is at the top of the three-tiered posting agreement – $25 million or less, $25 million to $50 million, and more than $50 million – Kiwoom will receive the equivalent of $9.37 million (12.2 billion won) in transfer fees for the $25 million and $25 million to $50 million tiers.

Depending on whether or not they opt out, Kiwoom would receive either $4.3 billion or $12.3 billion in additional transfer fees.

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