The details of the contract with Kim Ha-Sung's San Diego Padres Club in Major League Baseball have been revealed in detail.
Ha-Sung Kim is guaranteed $28 million for four years and signed up to $32 million in incentives depending on the number of at-bats.
After the four-year contract ends, in 2025, when the San Diego club and Kim Ha-sung exercise mutual options, the contract size will increase to $39 million.
Looking at what the Associated Press delivered today (1st), Ha-Sung Kim first receives 4 million dollars as a down payment for 1 million dollars over four years.
Of the coverage, the down payment is $4 million, the annual salary is $22 million, and the buyout option is $2 million.
Ha-sung Kim will receive annual salaries of $4 million, $5 million, $6 million, and $7 million from this year to 2024.
When the installment down payment is added, the annual total is $5 million, $6 million, $7 million, and $8 million respectively.
The mutual option amount is $8 million.
If we break up in 2025, Ha-Sung Kim will receive $2 million.
Mutual options are an amount we don't know at this time whether they will be realized or not.
However, the $2 million buyout option that Kim Ha-Sung will receive is a fixed amount and is included in the total guaranteed amount.
Ha-sung Kim receives $100,000 for 400 at-bats, $200,000 for 450-550 at-bats, and $250,000 for 550-600 at-bats.
Ha-Sung Kim also receives $1 million per team if he moves during the contract period.
San Diego hires interpreters and also offers English classes for Kim Ha-sung and his family.
Ha-Sung Kim also receives 8 round-trip business tickets each year.
In addition, Kim Ha-Sung also entered the contract with the right to veto minor leagues, in which she could not send herself to the minor leagues without consent for 3 years from 2023, the third year after finishing the second year of the big league.
(Photo = Official Twitter capture of the San Diego club, Yonhap News)