Current:Home > FinanceSan Francisco Giants sign Korean baseball star Jung Hoo Lee to six-year, $113 million deal -Mastery Money Tools
San Francisco Giants sign Korean baseball star Jung Hoo Lee to six-year, $113 million deal
View
Date:2025-04-15 16:34:48
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! (11712)
Related
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Rob Kardashian Makes Rare Appearance in Khloe Kardashian's Birthday Video
- Boa snake named Ronaldo has 14 babies after virgin birth
- How The Real Housewives of New York City's New Season 15 Housewife Is Making History
- Current, future North Carolina governor’s challenge of power
- Kinky Friedman, singer, satirist and political candidate, dies at 79
- Lawmakers advance proposal to greatly expand Sunday hunting in Pennsylvania
- Powerball winning numbers for June 26: Jackpot rises to $95 million
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- AT&T, T-Mobile and Verizon confirm service outages for customers abroad
Ranking
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- 2024 NBA draft live: Bronny James expected to go in second round. Which team will get him?
- Are you traveling for July Fourth? Here's how to beat the travel rush.
- Toyota recalls 11,000 Lexus SUVs for head restraint issue: See affected models
- Why members of two of EPA's influential science advisory committees were let go
- Bill Gates’ Daughter Jennifer Is Pregnant, Expecting Baby No. 2 With Husband Nayel Nassar
- In fight against blight, Detroit cracks down on business owners who illegally post signs
- Supreme Court says emergency abortions can be performed in Idaho
Recommendation
The company planning a successor to Concorde makes its first supersonic test
Shootings at Las Vegas-area apartments that left 5 dead stemmed from domestic dispute, police say
Sha'Carri Richardson runs season-best time in 200, advances to semifinals at trials
Minnesota judge is reprimanded for stripping voting rights from people with felonies
The Daily Money: Spending more on holiday travel?
Future of delta-8 in question as lawmakers and hemp industry square off
Oklahoma to execute Richard Rojem Jr. for murder of ex-stepdaughter. What to know.
Prosecutors charge second inmate in assault that left Wisconsin youth prison counselor brain-dead