Under MLB's new collective bargaining agreement, Ohtani is limited to a minor league contract subject to a team's signing bonus pool.
The 23-year-old ace/slugger should be courted by all 30 Major League Baseball teams, and whichever team lands him will have to pay the Nippon Ham Fighters a $20 million posting fee. His team in Japan, the Nippon Ham Fighters, will collect a $20 million fee. Japanese media has reported that Ohtani is now in Los Angeles.
According to Ronald Blum of the Associated Press, the Texas Rangers, New York Yankees and Minnesota Twins are the only teams who can offer a signing bonus of more than $3 million. The person spoke on condition of anonymity because no announcement had been made.
Due to the league's posting system rules, Ohtani's initial contract won't be as hefty as most would expect. Foreign players are not eligible for major league contracts until they turn 25 and have six seasons of professional experience.More news: Gunmen attack agriculture institute in Pakistan, killing 12
General manager Rick Hahn quoted a couple of history's greatest philosophers when describing the White Sox's presentation to prized Japanese free agent Shohei Ohtani.
A right-hander, Ohtani has a 42-15 record with a 2.52 ERA and 624 strikeouts in 543 innings over five seasons, and a.286 batting average with 48 homers and 166 RBIs.
The previous posting system, which expired on November 1, didn't have the complicated structure that this one does.
Major League Baseball sent out a press release detailing the new posting system, which won't take effect until November 1, 2018.