Nov
09

Update: Dodgers win bidding for Hyun-Jin Ryu

By

10:29pm: Friend of RAB Mike Petriello confirmed that the Dodgers did in fact win the bidding. Perhaps this will take them out of the running for Hiroki Kuroda.

7:59-9:22pm: Jon Heyman confirmed the bid amount, but says the Cubs did not win the bidding. Evan Grant and Dan Connolly ruled out the Rangers and Orioles, respectively, while Ken Rosenthal said the Dodgers made an aggressive bid.

7:43pm: According to an unconfirmed report out of Korea, the Cubs have won the negotiating rights to left-hander Hyun-Jin Ryu with a bid north of $25.7M. I didn’t think the bidding would get that high at all. It’s nearly as much as the 2012 payroll of the eight KBO teams combined, just to give you an idea of the league’s economic situation. The Hanwha Eagles have unsurprisingly accepted the bid and the Cubbies now have 30 days to sign him.

There’s no word if the Yankees submitted a bid but I’m sure we’ll find out soon enough. I liked Ryu based on the little bit we know about him, but sheesh, I was thinking $25-30M for the entire package, posting fee plus contract. Obviously the Theo Epstein regime, which certainly knows a thing or two about the posting system, valued him differently.

Categories : Asides, Hot Stove League

42 Comments»

  1. dan gen says:

    we dont bid..and we can only offer one year contracts….we r the small market team with tickets tha can be priced at fifteen hundred!

  2. jxpNY says:

    Wow they did over-pay 25M really ?

  3. Ed in SF says:

    Theo knows a thing or two about the posting system…. based on what? The shining success of the Dice-K experience?

  4. CT Yankee says:

    Whoops. Someone was quick on the trigger.

  5. mustang says:

    Its the Yankees.

  6. anon says:

    Honestly thought with the “7373″ repeating number included in the bid that the Cubs were the winning bidders. Didn’t they bid something similar (with repeating digits) in their bid for Dice-K?

    • mustang says:

      Funny you said because Cashman bid on Kei Igawa had a number pattern too that’s why I said the Yankees, but I have doubts.

  7. mustang says:

    YANKS !!! YANKS !!!! YANKS!!!!!

  8. Bubba says:

    What no one guarded the fax machine and Levine snuck one through?

  9. Pat D says:

    I’d be surprised to see it be the Yankees at this point.

  10. Big Member says:

    i won the biding

  11. Steve (different one) says:

    Come on, it has to be the Dodgers, right?

    They’ve committed like $600M of salary in the last year. What’s another $25?

  12. mustang says:

    The O’s are out they are saying maybe the Dodgers which makes sense the way they are spending. $$$$. This is more exciting then watching the Yankees AB’s in the playoffs.

  13. stu phillips says:

    The yanks will not go for spit

  14. Bryan V says:

    Don’t forget that the Dodgers only won the rights to negotiate with Ryu. It may end up costing LA over $50 million to bring Ryu to the team next season.

  15. Robinson Tilapia (IS Nate Silver) says:

    Cashninja will strike by signing Ken for about half the price.

  16. bill says:

    The Dodgers are like the yankees once were under george.

    If the dodgers want Hiroki Kuroda they will get him.

    the small market yankees will not get in bidding war with the dodgers
    just think hal wants to get under the $189 million mark.

    • Need Pitching & Hitting says:

      Lol, small market Yankees, who MIGHT, temporarily, have only a 189M payroll. Just like all the other small market teams.

    • Dave says:

      And this post is why everyone is baseball hates spoiled Yankee fans.

    • Get Phelps Up says:

      I suppose I should get used to comments like this popping up every time a team other than the Yankees spends money on a player.

    • I hate people who hate Nick Swisher says:

      Yes the Dodgers are the King George teams of the 80′s. Overspend to bring in big names, throw money at every hot shot, and then not make the playoffs. Seriously that team is a hot mess right now, they give Andre Ethier a big money extension and now are trying to trade him (they’ll probably have to eat money to do it) so that they can sign Josh Hamilton. It’s like monkeys at the zoo, except instead of throwing poo they are throwing giant wads of cash at every random person who walks by.

  17. Bavarian Yankee says:

    the Dodgers are nuts. 25M is crazy when you consider that most people see him as a back of the rotation starter or even just another bullpen arm.

    Chen got 3/11 + a club option worth 4.75M last offseason (no posting fee, he was a FA) and Chen is pretty likely the superior pitcher. The Dodgers gotta burn that newfound money I guess.

  18. hogsmog says:

    This is hilarious. Mid-aughts Dodgers are right on pace to become mid-aughts Yankees.

    • Steve (different one) says:

      Except those Yankee teams made the playoffs…

      I do wonder if they will sign Grienke. They obviously have the money. Seems like $120M for Grienke would be much better money spent than $50M on Ryu…

  19. anon says:

    Damn, Ross is gone as a BUC/platoon option

  20. toad says:

    If you win the auction and then can’t sign the player, are you allowed to go to his team and ask them to give some of the posting fee back to help you make the deal, or is that a strict no-no?

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