Fox Sports reporter Ken Rosenthal is reporting on Twitter that South Korean LHP Kim Kwang-Hyun 's team may reject the Padres' high bid of $2 million for his pitching services. Kim's team, the SK Wyverns, are expecting somewhere in the vicinity of $10 million for Kim's contract.
The Padres have not confirmed the bid.
The two team's numbers are so far apart it's no surprise that the deal might not get done. Rosenthal explains the reason saying that there are many questions about Kim's chances of succeeding in the major leagues. With that said, asking for $10 million sounds more like a ransom request and the Padres' $2 million bid must seem to them like a satchel full of dirty undies.
Kim has been eagerly awaiting this opportunity to pitch in MLB and it appears that is unlikely to happen next season, unless SK does him a huge favor.
Even if they can't close the deal, it's nice to see new Padres GM A.J. Preller and his team hitting the international market hard out of the gate. Padres making the highest bid? You don't hear that often enough. Expect more rumors soon as the GM meetings continue.
Sources: #Padres post high bid for Korean LHP Kim Kwang-Hyun. Bid was $2M. Kim's team, SK Wyverns, might not accept. Reportedly wanted $10M.— Ken Rosenthal (@Ken_Rosenthal) November 11, 2014
#Padres' play for Kim yet another sign of team's return to int'l market. However, many questions about whether Kim could succeed in majors.— Ken Rosenthal (@Ken_Rosenthal) November 11, 2014
And if Kim's team rejects bid from #Padres, he will not come to majors anyway.— Ken Rosenthal (@Ken_Rosenthal) November 11, 2014