The Twins have officially struck a four-year, $12MM deal with Korean first baseman Byung-ho Park that includes a $6.5MM club option ($500K buyout) for the 2020 campaign. Minnesota will pay Park $2.75MM annually for the deal’s first two seasons and then $3MM apiece in 2018 and 2019.
Park, 29, is a client of Alan Nero and Octagon Baseball. A deal was said to be highly likely as he traveled to the U.S. this week. Minnesota had won the rights to negotiate with the KBO star after promising a posting bid of $12.85MM to his now-former club, the Nexen Heroes. The Twins’ total commitment, then, will be just under $25MM.