Archive for Hyun-Jin Ryu
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.
Via Evan Grant: The bidding for Korean left-hander Hyun-Jin Ryu closed at 5pm ET today. Phil Rogers says the Cubs submitted a bit and Grant thinks the Rangers did, but that’s all we know at this point.
Ryu, 25, has been one of the best pitchers in KBO over the last several years and everything you need to know about him is right here. The Hanwha Eagles now have four days to either accept or reject the high bid. Apparently Ryu and the Eagles have already agreed to a minimum bid amount, so he’ll stay in Korea for another year if no team met that minimum. This whole process has been pretty quiet, so we have no idea which teams have serious interest and which are just doing their due diligence.
Via JoongAng Daily: The Korea Baseball Organization will inform MLB today that Hyun-Jin Ryu has officially been posted. MLB has four days to officially inform the 30 clubs, who will then have about a week to submit a bid. The Hanwha Eagles will then get four days to accept or reject the top bid for their ace left-hander.
Ryu, 25, has been one of the KBO’s most dominant pitchers for the last several years. He and the Eagles have agreed on an acceptable bid, meaning if the top bid falls short of their agreed upon amount, Hanwha will reject it and the southpaw will remain in Korea. I highly doubt we’re talking about a Yu Darvish-sized bid here, but I bet it will be in the eight-figures. Everything you need to know about Ryu, a Scott Boras client, is right here. There is no indication that the Yankees (or any club) has interest in him, but can be sure there will be considering his age and left-handedness.
Looking for an off the beaten path pitching option this offseason? Well here you go. The Hanwha Eagles of the Korea Baseball Organization will post star left-hander Hyun-Jin Ryu this offseason according to a report by Yonhap. The 25-year-old just completed his seventh season in the league and thus became eligible to be posted. He would have to wait a few more years to qualify for international free agency.
Ryu, who is represented by Scott Boras, has been one of the league’s most dominant pitchers since making his debut as a teenager. He first garnered attention by helping South Korea to Olympic gold in 2008 and a second place finish in the 2009 World Baseball Classic. Baseball America (subs. req’d) ranked him as the fifth best prospect in the tournament, one spot ahead of Yoenis Cespedes. “Ryu has four average to above-average pitches, (including) a 86-93 mph fastball with late life that he can add and subtract from when needed, a slow curve (75 mph), a tighter slider and a changeup,” wrote the publication. “Ryu’s biggest asset is his feel for pitching. Scouts have said that he would be a first-round pick if he was in the U.S.”
I have no idea what kind of posting fee and contract would be required to sign Ryu, but a highly doubt we’re talking about a Yu Darvish type of package here. That was a (very) special case. Baseball America says Ryu has drawn a bunch of David Wells comparisons because he’s a four-pitch lefty with command and has a history of pitching well in important games (especially internationally), plus his personality is a little wacky and he’s kinda fat. The competition in KBO is inferior to NPB in Japan, so the transition would obviously be a concern. Here’s some recent video.
Every team needs pitching and the Yankees especially covet left-handers considering their ballpark, so it stands to reason that they would at least kick the tires on Ryu. I wouldn’t expect him to come over to MLB and be an ace-caliber pitcher, but given the scouting report and his track record, perhaps he can be another Wei-Yin Chen. League-average southpaws who are years away from their 30th birthday are incredibly valuable. Chen was a true free agent who signed a three-year pact for under $12M, so tack a posting fee on top of that — remember, posting frees do not count towards the luxury tax — and maybe Ryu is a $20-25M investment. I’m just spit-balling here, I have little feel for this market in general.