The Kiwoom Heroes received a contract from the San Francisco Giants on the 18th. Lee Jung-hoo of Kiwoom confirmed the details of the compensation he received after joining San Francisco through the posting system.
As reported, he will receive $18.85 million. When a player is acquired through the posting system, Major League Baseball clubs are required to pay a set amount of compensation to the original team. Under the current posting system, if a player is signed for a total of $25 million or less, the original team receives 20% of the guaranteed money. If the total is between $25 million and $50 million, the team receives $5 million, which is 20% of the $25 million minimum threshold, and 17.5% of the guaranteed amount above $25 million. If the total exceeds $50 million, they receive $9.37 million in coverage up to $50 million, plus 15% of the amount of coverage above $50 million.
Lee "hit the jackpot" with a maximum of six years and a total of $113 million. Mr. Kim will receive $9.37 million plus $9.45 million in excess compensation. That's 15% of the $113 million minus $50 million. The total is $18.82 million. About $24.5 billion in Korean won. That's a lot of money, almost the total of the team's three-year salary.
So, how will Kiwoom receive this money: in a lump sum, in dollars, or as a deposit in Korean won? According to the rules, Kiwoom will receive 50% of the transfer fee two weeks after the deal is finalized, and San Francisco will have to pay 25% before the end of the 12-month period. The rest of the money is due before the end of 18 months. 카지노사이트가이드
In about two weeks, Kiwoom's bank account will be credited with half of the $18.85 million, or $9.425 million. But we don't know how much that will be in Korean won. This is because we will receive the money in Korean won at the exchange rate on the day the San Francisco club makes the deposit.
The exchange rate changes daily. As of the evening of the 18th, the exchange rate was 1,299.50 to the dollar. At this rate, $9.41 million would be worth $12.2829 billion. By the 19th, the exchange rate had risen to $1306.90. The same $9.41 million would be worth $12.279 billion. That's an increase of about $70 million in one day.
Considering the total amount of money received, it can go up or down by hundreds of millions of won depending on the exchange rate. Since the amount is so high, the difference is very large. You can't say to the San Francisco team, "Please deposit the money when the exchange rate is high," and Kiwoom has to pray.