Baseball officials said that Major League Baseball has "proposed a cap on the amount a big league club can bid" on South Korean players in posting, according to the KOREA HERALD. The Korea Baseball Organization and MLB have been having discussions on the $8M limit "on players who are eligible for posting." A KBO official said, "The MLB Commissioner's Office recently suggested putting a cap on the posting fee. They've come up with $8 million, but nothing has been decided. We'll soon have discussions over this issue." Under the U.S.-Korean Player Contract Agreement, a KBO player "who has completed at least seven full seasons can be posted with his club's blessing." Currently, MLB clubs can "submit uncapped bids for the player in a silent auction and the team with the highest bid earns the exclusive negotiating rights with that player." If the club and the player agree to a deal within 30 days, "then the posting fee goes to the player's KBO club as compensation." MLB and Japan's Nippon Professional Baseball "also have a posting system under their agreement" and a $20M cap on the bids was placed in Dec. '13 (KOREA HERALD, 3/18).
