Major League Baseball and Nippon Professional Baseball announced a formal agreement today on the process for "posting" Japanese players. Essentially, once a Japanese player is made available to MLB clubs, a
maximum posting fee of $20 million will be set. Any MLB club willing to pay the fee can negotiate with the player for a contract. Teams who fail to reach a contract agreement can withdraw the posting fee. It's still unclear whether this year's premier Japaneses player—
Masahiro Tanaka of the Rakuten Golden Eagles—will be posted by his team.
