Shohei Ohtani Set to Join MLB After Posting Agreement Reportedly Reached

MLBPA Agrees to Extend Self-Imposed Deadline for New Japanese Posting Agreement

Then, only a few hours later, there was more worldwide news when the MLB Players Association authorized the agreement between the league and Nippon Professional Baseball on a new posting system, according to multiple outlets.

On Monday, the MLBPA pushed back by 24 hours a deadline for the union to approve any new transfer agreement governing the movement of players from Japan to Major League Baseball.

MLB and Nippon Professional Baseball reached agreement several weeks ago on the framework of a new deal. News regarding the global star's status should be available at some point Tuesday. If a player is added to the 40-man roster within two seasons, the fee would double by an additional 20 percent.

Ohtani is viewed as Japan's Babe Ruth. The Yankees have the second-most to offer at $3.5 million.

As part of the deal, a tiered system for posting fees will start next November 1.

As for the new posting rules, this offseason has actually been grandfathered under the past rules, according to Jon Morosi of MLB.com.

The big news here is Ohtani is coming to the majors, though.

Because the 23-year-old is under 25, he falls within worldwide pool rules, which means he can only collect a bonus for what teams have left in their allocations, which range from $10,000 to just above $3.5 million.

Starting next offseason, the fee would be 15 percent of the guarantee of a major league contract and 20 percent of the signing bonus if a player is subject to bonus pools, a person familiar with the terms said, speaking on condition of anonymity because they were weren't announced.

As for Ohtani, who none of this applies to personally, the bidding will begin for him around next Friday and teams will have 21 days to sign the Japanese star.

Ohtani was limited by an ankle injury in 2017, but in 2016 he was 10-4 with a 1.86 ERA and 174 strikeouts in 140 innings pitched.

Had the deal not been agreed to, Ohtani would not have been able to sign with an Major League Baseball team this offseason. He has a.286/.358/.500 slash line with 48 homers and 166 RBIs over 403 games during that span.

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