Update: MLB to amend posting system proposal, no deal yetBy
2:22pm: Intrigue! MLB COO Rob Manfred told reporters at the GM Meetings that the league plans to change its proposal after NPB dragged its feet. “We warned them, told them, if this sat too long, there could be shifting winds out there. And suffice it to say, there have been shifting winds,” he said. There’s a chance there will be no agreement this winter, meaning Tanaka can not be posted. I’ll believe it when I see it, though.
Thursday, 8:45am: According to The Japan Times, the players’ union in Japan has formally agreed to the revisions and NPB is expected to approve the new posting system on Monday. Tanaka and other players could start being posted as soon as next Wednesday. Under the new system, the final posting fee is an average of the top two bids. That’s the only change as far as I can tell.
Tuesday: Via Ken Davidoff: MLB and NPB have “virtually agreed” to a revised posting system and an official announcement could be made soon, possibly as soon as today. The Rakuten Golden Eagles are expected to post ace right-hander Masahiro Tanaka shortly thereafter. The Yankees will reportedly pursue him very aggressively, so the sooner the agreement gets done and they can move forward with their offseason plan, the better.
Under the revised posting system, the high bidder still wins exclusive negotiating rights to the player. However, the final posting fee is now the average of the top two bids. So if the Yankees win Tanaka’s rights with a $100M bid and another team finishes second with a $50M bid, New York will only pay $75M. This gives teams some protection against a Yu Darvish situation (the Rangers outbid everyone by $25M or so). It’s also possible the winning team will still have to pay a percentage of the posting fee if they fail to sign the player, which will help deter clubs with no sincere interest from placing high bids just to block rivals. Makes sense, now wrap this up and let’s move on.