Current:Home > FinanceSan Francisco Giants sign Korean baseball star Jung Hoo Lee to six-year, $113 million deal -QuantumFunds
San Francisco Giants sign Korean baseball star Jung Hoo Lee to six-year, $113 million deal
Indexbit View
Date:2025-04-08 01:21:17
Another international baseball star is headed to the West Coast.
The San Francisco Giants have signed South Korean outfielder Jung Hoo Lee to a six-year, $113 million deal, a person with knowledge of the agreement told USA TODAY Sports' Bob Nightengale.
The person spoke on the condition of anonymity because the deal wasn't yet official.
Lee was regarded as one of the best players in South Korea's KBO League, spending the past seven seasons with the Kiwoom Heroes. In his time with the Heroes, Lee hit for a whopping .340 average with 65 home runs, 69 stolen bases and more walks (383) than strikeouts (304).
The 25-year-old center fielder won rookie of the year in 2017 at age 18 and also won the KBO MVP award in 2022, when he batted .349 and tallied career-highs with 23 homers and 113 RBI. In 2023, Lee played in only 86 games before an ankle injury shortened his season, but he was still a highly sought free agent this winter.
HOT STOVE UPDATES: MLB free agency: Ranking and tracking the top players available.
He was also a star for the South Korean national team in the 2023 World Baseball Classic despite not advancing out of the group stages, hitting .429 in 14 at-bats with two doubles and five RBI. Lee also starred on the South Korean team that advanced to the bronze medal game of the 2020 Tokyo Olympics before losing to the Dominican Republic.
Lee's posting fee will be 20% of the first $25 million of a major league contract, including earned bonuses and options. The percentage drops to 17.5% of the next $25 million and 15% of any amount over $50 million. There would be a supplemental fee of 15% of any earned bonuses, salary escalators and exercised options.
ANALYSIS:Shohei Ohtani's $700M deal is extreme, MLB deferred contracts have a storied history
The signing of Lee gives San Francisco a high-profile free agent signing after they were one of the finalists in the Shohei Ohtani sweepstakes before he ultimately signed with the Los Angeles Dodgers. The Giants also missed out on Aaron Judge last offseason after he re-signed with the New York Yankees.
Signing with San Francisco means the Giants will have an everyday-player in the outfield, and someone that could be one of the most disciplined hitters in baseball.
Contributing: Bob Nightengale; Associated Press
veryGood! (871)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Regulator partially reverses ruling that banned FKA twigs Calvin Klein ad in UK
- Stock market today: Asian shares trade mixed after Wall Street recovers
- Spectacular fields of yellow mustard draw visitors to Northern California’s wine country
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Stock market today: Asian shares trade mixed after Wall Street recovers
- Celebrate National Dress Day with Lulus’ Buy 3-Get-1 Free Sale, Featuring Picks as Low as $19
- Missouri governor offers ‘deepest sympathy’ after reducing former Chiefs assistant’s DWI sentence
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Report: Peyton Manning, Omaha Productions 'pursuing' Bill Belichick for on-camera role
Ranking
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Rust Armorer Hannah Gutierrez-Reed Found Guilty of Involuntary Manslaughter
- Chicago’s top cop says police are getting training to manage protests during the DNC
- TSA unveils passenger self-screening lanes at Vegas airport as ‘a step into the future’
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Evidence of traumatic brain injury in shooter who killed 18 in deadliest shooting in Maine history
- Virginia man arrested after DNA links him to 2 women's cold case murders from 80s
- Iditarod issues time penalty to Seavey for not properly gutting moose that he killed on the trail
Recommendation
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Senate committee advances bill to create a new commission to review Kentucky’s energy needs
Why Dean Phillips' primary challenge against Biden failed
3 sizzling hot ETFs that will keep igniting the market
McConnell absent from Senate on Thursday as he recovers from fall in Capitol
Oscar Mayer hot dogs, sausages are latest foods as plant-based meat alternatives
Is Walmart getting rid of self-checkout? No, but it's 'testing' how, when to use DIY process
TikToker Remi Bader Just Perfectly Captured the Pain of Heartbreak