MLB, NPB agree to a new posting system

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It’s been a long time coming — and was mostly agreed to a couple of days ago — but Joel Sherman of the New York Post reports that MLB and NPB have an agreement in place on a new posting system that now only requires ratification by baseball’s executive council. That approval is expected.

The new posting system will have a $20 million bid maximum and all teams who meet the cap will be able to negotiate with the player. It’s hard to see how the posting system helps the NPB all that much. A $20 million cap is lower than past posting amounts. It will greatly help the player, however, as he will now have the chance to pit multiple teams against one another in negotiation, whereas before he was limited to negotiating with only the highest bidder.

Masahiro Tanaka could be the first major player involved in the new posting system, but the Rakuten Golden Eagles have yet to decide whether they’ll make him available. Representatives from the Golden Eagles are here in Orlando today, where it is expected that they will make the decision, one way or the other.