Current:Home > ContactSan Francisco Giants sign Korean baseball star Jung Hoo Lee to six-year, $113 million deal -TrueNorth Finance Path
San Francisco Giants sign Korean baseball star Jung Hoo Lee to six-year, $113 million deal
View
Date:2025-04-17 12:57:07
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! (23)
Related
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Proposed EU Nature Restoration Law Could be the First Big Step Toward Achieving COP15’s Ambitious Plan to Staunch Biodiversity Loss
- It’s Showtime! Here’s the First Look at Jenna Ortega’s Beetlejuice 2 Character
- YouTube will no longer take down false claims about U.S. elections
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Georgia is becoming a hub for electric vehicle production. Just don't mention climate
- America is going through an oil boom — and this time it's different
- New Documents Unveiled in Congressional Hearings Show Oil Companies Are Slow-Rolling and Overselling Climate Initiatives, Democrats Say
- Sonya Massey's father decries possible release of former deputy charged with her death
- Taylor Swift Changed This Lyric on Speak Now Song Better Than Revenge in Album's Re-Recording
Ranking
- $73.5M beach replenishment project starts in January at Jersey Shore
- Inside Clean Energy: Did You Miss Me? A Giant Battery Storage Plant Is Back Online, Just in Time for Summer
- 'It's gonna be a hot labor summer' — unionized workers show up for striking writers
- Why Paul Wesley Gives a Hard Pass to a Vampire Diaries Reboot
- The Grammy nominee you need to hear: Esperanza Spalding
- Taylor Swift Reunites With Taylor Lautner in I Can See You Video and Onstage
- Mobile Homes, the Last Affordable Housing Option for Many California Residents, Are Going Up in Smoke
- The migrant match game
Recommendation
Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
Some cancer drugs are in short supply, putting patients' care at risk. Here's why
Why Paul Wesley Gives a Hard Pass to a Vampire Diaries Reboot
Boy, 5, dies after being run over by father in Indiana parking lot, police say
See you latte: Starbucks plans to cut 30% of its menu
Here’s When You Can Finally See Blake Lively’s New Movie It Ends With Us
How Kyra Sedgwick Made Kevin Bacon's 65th Birthday a Perfect Day
‘We’re Losing Our People’