The posting system is a
baseball player transfer system that operates between
Japan's
Nippon Professional Baseball (NPB) and the
United States'
Major League Baseball (MLB). Despite the drafting of the United States – Japanese Player Contract Agreement in 1967 designed to regulate NPB players moving to MLB, problems arose in the late 1990s. Some NPB teams lost star players without compensation, an issue highlighted when NPB stars
Hideo Nomo and
Alfonso Soriano left to play in MLB after using loopholes to void their existing contracts. A further problem was that NPB players had very little negotiating power if their teams decided to deal them to MLB. In 1998, the Agreement was rewritten to address both problems and was dubbed the "posting system". Under this system, when an NPB player is "posted", MLB holds a four-day-long
silent auction during which MLB teams can submit sealed bids in an attempt to win the exclusive rights to negotiate with the player. If the MLB team with the winning bid and the NPB player agree on contract terms before the 30-day period has expired, the NPB team receives the bid amount as a transfer fee, and the player is free to play in MLB. (more...)
... that the petite
endangeredcactusEscobaria minima bears 1.5-cm long flowers that may be larger than the cactus body itself, and fruits no more than 6 mm in length?
... that RSBY, the National Health Insurance Programme of
India, offers cashless
health insurance of up to 30,000 to the
poor for just 30?
This Wikipedia is written in
English. Started in 2001 (2001), it currently contains
3,572,123 articles. Many other Wikipedias are available; some of the largest are listed below.
The posting system is a
baseball player transfer system that operates between
Japan's
Nippon Professional Baseball (NPB) and the
United States'
Major League Baseball (MLB). Despite the drafting of the United States – Japanese Player Contract Agreement in 1967 designed to regulate NPB players moving to MLB, problems arose in the late 1990s. Some NPB teams lost star players without compensation, an issue highlighted when NPB stars
Hideo Nomo and
Alfonso Soriano left to play in MLB after using loopholes to void their existing contracts. A further problem was that NPB players had very little negotiating power if their teams decided to deal them to MLB. In 1998, the Agreement was rewritten to address both problems and was dubbed the "posting system". Under this system, when an NPB player is "posted", MLB holds a four-day-long
silent auction during which MLB teams can submit sealed bids in an attempt to win the exclusive rights to negotiate with the player. If the MLB team with the winning bid and the NPB player agree on contract terms before the 30-day period has expired, the NPB team receives the bid amount as a transfer fee, and the player is free to play in MLB. (more...)
... that the petite
endangeredcactusEscobaria minima bears 1.5-cm long flowers that may be larger than the cactus body itself, and fruits no more than 6 mm in length?
... that RSBY, the National Health Insurance Programme of
India, offers cashless
health insurance of up to 30,000 to the
poor for just 30?
This Wikipedia is written in
English. Started in 2001 (2001), it currently contains
3,572,123 articles. Many other Wikipedias are available; some of the largest are listed below.