Wang Po-Jung: Posting Fee Estimation
So, the Lamigo Monkeys are going to post their outfielder Wang Po-Jung this offseason. Which bring us to another question, how much posting fee is needed to acquire this CPBL superstar?
I guess in a way, the correct way of asking this question is what the bare minimum amount the Monkeys need to receive to let go of Wang Po-Jung is?
Before we start, we will lay down some ground rules we will be using in this blog post:
- All figures have been converted to US Dollar
- Exchange Rate: 1 US Dollar = 30 Taiwanese Dollar
- Exchange Rate: 1 US Dollar = 110 Japanese Yen
- We only cover the posting fee, not Wang Po-Jung’s potential salary
Posting Fee: Roughly $650k to $850k USD
After reviewing all the available information online, we estimated the bare minimum the Monkeys will accept as the posting fee of Wang Po-Jung is around $650,000 to $850,000 USD.
The figures are not including Wang Po-Jung’s future salary with the overseas organisation. It is only the posting fee or the “contract buyout” fee depend on how people view it.
So, how did we come to that number? Here is our reasoning behind it. Assuming the Monkeys want to recoup the initial $167,000 signing bonus, $34,000 incentive, plus another two years of Wang Po-Jung’s CPBL annual salary.
With Wang is currently on $200,000 USD a year salary. So, $167K + $34K + $200K + $220K = $621K. With some additional amount for the “development fee” which bring it to around $650,000 USD.
It is worth noting that Wang is currently in the second year of his five-year multi-year contract. He is expected to receive $200K in 2019, $220K in 2020 and $240K in 2021.
So, maybe the Monkeys will ask the overseas organisation to cover all the remaining salary of Wang? In that case, the posting fee will probably be around $850K. ($167K, $34K, $200K + $220K + $240K = $861K USD)
Japan Thinks They Need 4.5 Million USD
According to a Japanese news article on October 18, the teams in Japan believe they will probably need to spend around 500 million yen (4.5 million USD) to secure Wang Po-Jung.
Not Easy Being the First Guy Testing the System
While it is exciting to speculate, the harsh reality is Wang Po-Jung being the first CPBL player to use the posting system, he will most likely get low-balled to the ground. As to many’s eyes, the CPBL is a league that has not been proven or adequately tested.
For the Lamigo Monkeys, of course they want to get as much as possible, while it would be opposite for Wang Po-Jung’s potential new employer. It will be up to the Monkeys’ general manager and the potential buyer to sort out the price for this CPBL superstar.
Update #1: On November 14, another Japanese article mentioned it might cost any team interested in Wang 100 million yen in posting fees and over 200 million yen a year in salary. When converted to USD is roughly &900,000 USD in posting fee and 1.8 million USD in one year salary. [Credit to Yakyu Database for the translation]