Bloomberg News

Dodgers Reach Agreement With Greinke, Add Ryu, CBS Sports Says

December 10, 2012

The Los Angeles Dodgers and Zack Greinke reached an agreement on a six-year contract worth $147 million, the richest deal in Major League Baseball history for a right-handed pitcher, CBS Sports reported.

The Dodgers also signed South Korean left-handed pitcher Ryu Hyun-jin yesterday to a six-year contract. MLB.com reports that the deal is worth $36 million.

Greinke, the 2009 American League Cy Young Award winner, was the top pitcher available in free agency, while the Dodgers last month paid a $25.7 million posting fee for the right to negotiate with Ryu’s agents.

The duo would join a Dodgers’ starting staff that also includes Clayton Kershaw, Chad Billingsley and Josh Beckett, and are the latest acquisitions to a franchise under new ownership that’s added almost $300 million in contracts by trading for Beckett, first baseman Adrian Gonzalez, outfielder Carl Crawford and shortstop Hanley Ramirez.

Greinke, 29, had a 15-5 record with a 3.48 earned run average for the Los Angeles Angels and Milwaukee Brewers in 2012. Over the past two seasons, he’s 31-11 with a 3.63 ERA.

Greinke still needs to pass a physical before the deal becomes official later today, CBS Sports reported without saying where it got the information. When completed, Greinke’s contract would be the second-richest for a pitcher in MLB history behind CC Sabathia’s seven-year, $161 million deal with the New York Yankees. The most lucrative contract for a right-handed pitcher was the $127.5 million that Matt Cain received over six seasons from the San Francisco Giants.

Ryu, 25, was 98-52 with a 2.80 ERA during seven seasons in South Korea. He pitched for his country on teams that won a gold medal at the Beijing Olympics in 2008 and reached the championship game of the 2009 World Baseball Classic.

“The Dodgers continue to show the commitment to signing players from Asia and other international areas where baseball is played at the highest levels,” Dodgers General Manager Ned Colletti said in a statement. “We are looking forward to watching Ryu pitch for the franchise.”

To contact the reporter on this story: Erik Matuszewski in New York at matuszewski@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net


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