Current:Home > InvestSan Francisco Giants sign Korean baseball star Jung Hoo Lee to six-year, $113 million deal -Achieve Wealth Network
San Francisco Giants sign Korean baseball star Jung Hoo Lee to six-year, $113 million deal
View
Date:2025-04-16 22:53:07
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! (39)
Related
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- North Korea’s Kim orders military to ‘thoroughly annihilate’ US, South Korea if provoked
- The Detroit Pistons, amid a 28-game losing streak, try to avoid NBA history
- Israel is pulling thousands of troops from Gaza as combat focuses on enclave’s main southern city
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- That's a wrap: Lamar Jackson solidifies NFL MVP case with another dazzling performance
- Early morning shooting kills woman and wounds 4 others in Los Angeles County
- Inkster native on a mission to preserve Detroit Jit
- Federal hiring is about to get the Trump treatment
- Ravens claim No. 1 seed in AFC playoffs with another dominant display against Dolphins
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- 2024 Winter Classic: Live stream, time, weather, how to watch Golden Knights at Kraken
- The Empire State rings in the new year with a pay bump for minimum-wage workers
- No longer welcome in baseball, Omar Vizquel speaks for first time since lawsuit | Exclusive
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- South Korea’s capital records heaviest single-day snowfall in December for 40 years
- Taliban say security forces killed dozens of Tajiks, Pakistanis involved in attacks in Afghanistan
- Off-duty police officer is killed in North Carolina after witnessing a crime at a gas station
Recommendation
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Nick Saban knew what these Alabama players needed most this year: His belief in them
Carolina Panthers owner David Tepper appears to throw drink at Jacksonville Jaguars fans
Texas' Arch Manning is the Taylor Swift of backup quarterbacks
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
Russia launches record number of drones across Ukraine as Moscow and Kyiv continue aerial attacks
Kyler Murray throws 3 TD passes as Cardinals rally past Eagles, disrupt Philly’s playoff path
Special counsel Jack Smith urges appeals court to reject Trump's claim of presidential immunity