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MLB ratifies new posting agreement; Shohei Ohtani posted effective today


Major League Baseball just announced that its clubs have ratified the new posting agreement which will govern player transfers between MLB and Nippon Professional Baseball (NPB) beginning November 1, 2018. MLB simultaneously approved a temporary extension of the previous posting agreement between MLB and the NPB for the next year.

That previous agreement governs the posting of Shohei Ohtani, which also happened today. This creates a window for Ohtani to negotiate with MLB teams that will expire at midnight on December 22. One other player — right-handed pitcher Kazuhisa Makita of the Saitama Seibu Lions — will be posted by the end of December, it was announced.¬†Makita, 33, is a submarine-style pitching reliever who has a 1.91 ERA and 78/21 K/BB ratio over 141.1 innings over the last two seasons for Seibu.

Whichever team can agree to a contract with Ohtani will pay Ohtani’s old team, the Nippon Ham Fighters, $20 million.

The new agreement, which goes into effect next year, will work like this:

  • For Major League contracts with a total guaranteed value of $25 million or less, the posting fee will be 20% of the total guaranteed value of the contract;
  • For Major League contracts with a total guaranteed value between $25,000,001 and $50 million, the posting fee will be: (i) 20% of the first $25 million of total guaranteed value (i.e., $5 million) plus (ii) 17.5% of the total guaranteed value exceeding $25 million;
  • For Major League contracts with a total guaranteed value of $50,000,001 or more, the posting fee will be: (i) 20% of the first $25 million of total guaranteed value (i.e., $5 million) plus (ii) 17.5% of the total guaranteed value between $25,000,001 and $50 million (i.e., $4,375,000) plus (iii) 15% of the total guaranteed value exceeding $50 million;
  • For Minor League contracts, the posting fee will be a flat 25% of the signing bonus;
  • The annual window during which NPB players can be posted will be shortened to November 1st through December 5th.

Ohtani, of course, will be limited to how much he can be paid because he is a foreign free agent under the age of 25 and is thus subject to the international pool caps provided for under the Collective Bargaining Agreement.

Wayne Huizenga, founding owner of the Marlins, dies at 80

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MIAMI (AP) H. Wayne Huizenga, a college dropout who built a business empire that included Blockbuster Entertainment, AutoNation and three professional sports franchises, has died. He was 80.

Huizenga (HY’-zing-ah) died Thursday night at his home, Valerie Hinkell, a longtime assistant, said when reached at the family residence Friday. She gave no details on a cause of death.

Starting with a single garbage truck in 1968, Huzienga built Waste Management Inc. into a Fortune 500 company. He purchased independent sanitation engineering companies, and by the time he took the company public in 1972, he had completed the acquisition of 133 small-time haulers. By 1983, Waste Management was the largest waste disposal company in the United States.

The business model worked again with Blockbuster Video, which he started in 1985 and built into the leading movie rental chain nine years later. In 1996, he formed AutoNation and built it into a Fortune 500 company.

Huizenga was founding owner of baseball’s Florida Marlins and the NHL Florida Panthers – expansion teams that played their first games in 1993. He bought the NFL Miami Dolphins and their stadium for $168 million in 1994 from the children of founder Joe Robbie, but had sold all three teams by 2009.

The Marlins won the 1997 World Series, and the Panthers reached the Stanley Cup Finals in 1996, but Huizenga’s beloved Dolphins never reached a Super Bowl while he owned the team.

“If I have one disappointment, the disappointment would be that we did not bring a championship home,” Huizenga said shortly after he sold the Dolphins to New York real estate billionaire Stephen Ross. “It’s something we failed to do.”

Huizenga earned an almost cult-like following among business investors who watched him build Blockbuster Entertainment into the leading video rental chain by snapping up competitors. He cracked Forbes’ list of the 100 richest Americans, becoming chairman of Republic Services, one of the nation’s top waste management companies, and AutoNation, the nation’s largest automotive retailer. In 2013, Forbes estimated his wealth at $2.5 billion.

For a time, Huizenga was also a favorite with South Florida sports fans, drawing cheers and autograph seekers in public. The crowd roared when he danced the hokey pokey on the field during an early Marlins game. He went on a spending spree to build a veteran team that won the World Series in the franchise’s fifth year.

But his popularity plummeted when he ordered the roster dismantled after that season. He was frustrated by poor attendance and his failure to swing a deal for a new ballpark built with taxpayer money.

Many South Florida fans never forgave him for breaking up the championship team. Huizenga drew boos when introduced at Dolphins quarterback Dan Marino’s retirement celebration in 2000, and kept a lower public profile after that.

In 2009, Huizenga said he regretted ordering the Marlins’ payroll purge.

“We lost $34 million the year we won the World Series, and I just said, `You know what, I’m not going to do that,”‘ Huizenga said. “If I had it to do over again, I’d say, `OK, we’ll go one more year.”‘

He sold the Marlins in 1999 to John Henry, and sold the Panthers in 2001, unhappy with rising NHL player salaries and the stock price for the team’s public company.

Huizenga’s first sports love was the Dolphins – he had been a season-ticket holder since their first season in 1966. But he fared better in the NFL as a businessman than as a sports fan.

He turned a nifty profit by selling the Dolphins and their stadium for $1.1 billion, nearly seven times what he paid to become sole owner. But he knew the bottom line in the NFL is championships, and his Dolphins perennially came up short.

Huizenga earned a reputation as a hands-off owner and won raves from many loyal employees, even though he made six coaching changes. He eased Pro Football Hall of Famer Don Shula into retirement in early 1996, and Jimmy Johnson, Dave Wannstedt, interim coach Jim Bates, Nick Saban, Cam Cameron and Tony Sporano followed as coach.

Harry Wayne Huizenga was born in the Chicago suburbs on Dec. 29, 1937, to a family of garbage haulers. He began his business career in Pompano Beach in 1962, driving a garbage truck from 2 a.m. to noon each day for $500 a month.

One customer successfully sued Huizenga, saying that in an argument over a delinquent account, Huizenga injured him by grabbing his testicles – an allegation Huizenga always denied.

“I never did that. The guy was a deputy cop. It was his word against mine, a young kid,” he told Fortune magazine in 1996.

Huizenga was a five-time recipient of Financial World magazine’s “CEO of the Year” award, and was the Ernst & Young “2005 World Entrepreneur of the Year.”

Regarding his business acumen, Huzienga said: “You just have to be in the right place at the right time. It can only happen in America.”

In September 1960, he married Joyce VanderWagon. Together they had two children, Wayne Jr. and Scott. They divorced in 1966. Wayne married his second wife, Marti Goldsby, in April 1972. She died in 2017.

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