Padres fail to reach agreement with Korean left-hander Kwang-Hyun Kim

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Corey Brock of MLB.com reports that the Padres failed to reach an agreement with Korean left-hander Kwang-Hyun Kim, who will remain with the SK Wyverns of the Korean Baseball Organization.

The Padres won exclusive negotiating rights with Kim after submitting a $2 million bid last month. Padres general manager A.J. Preller met with the agent for Kim this week and expressed optimism about getting something done, but today’s 5 p.m. ET deadline passed without an agreement. San Diego will be refunded the $2 million posting fee.

Kim, 26, posted a 3.33 ERA and 139/81 K/BB ratio over 167 2/3 innings this past season in the KBO.