MLB Reaches Agreement with NPB on Revised Posting System
MLB REACHES AGREEMENT ON REVISED POSTING SYSTEM
New Protocols Will Be in Place for At Least Three Years
The Office of the Commissioner of Major League Baseball (MLB) announced today that it has agreed to terms with Nippon Professional Baseball (NPB) on revised protocols for the posting system shared by the leagues. MLBs Executive Council approved the new agreement today.
The following points comprise the protocols of the new system:
- If anNPB Club wishes to make one of its players available to Major League Clubs, theNPB shall notifythe Office of the Commissioner of theNPB player's potential availability and the release fee that a Major League Club must pay to theNPB Club in order to secure theNPB player's release. TheNPB Club may not set the release fee at an amount higher than $20 million and the fee cannot bechanged once it has been setby theNPB Club.
- The Office of the Commissioner shall then "post" theNPB player's availability by notifying all Major League Clubs of theNPB player's availability and the release fee sought by theNPB Club.
- All "postings" ofNPB players must be made between November 1st and February 1st.
- Beginning the day after the player is posted, andconcluding 30 days later, any Major League Club willing to pay the release fee set by theNPB Club may then negotiate with the player in an attempt to reach an agreement on a contract.
- If a Major League Club is able to reach an agreement on a contractwith the postedNPB player, the Major League Club must pay theNPB Club the designated release fee, which will occur in installments, the timing of which depends on the size of the release fee.
- If the postedNPB player fails to reach an agreement with a Major League Club, the release fee is not owed, theNPB player remains under reserve to hisNPB Club, and the playermay not be posted again until the following November 1st.
- The term of the new posting agreement is three years, continuing from year-to-year thereafter until either the Office of the Commissioner or theNPB gives notice of its intent to terminate the agreement one hundred and eighty days prior to the anniversary of the commencement of the agreement.
MLB Chief Operating Officer Rob Manfred said: We are pleased to have amicably reached an agreement that addresses various issues raised by all parties. Major League Baseball values its longstanding professional relationship with Nippon Professional Baseball, and we look forward to continuing the growth of the great game we share in the years to come.
Source: MLB Media