The Dodgers have signed Korean left-hander Hyun-Jin Ryu for $36MM over six years, reports Jon Heyman of CBSSports.com (Twitter links). The deal also includes innings-based performance bonuses worth $1M per year, which could raise the total of the contract to $42MM, according to Heyman (Twitter links). Heyman adds (via Twitter) that Ryu can opt out after the fifth year of the deal. The opt out also includes an innings threshold, writes Yahoo! Sports' Tim Brown. The deal was struck just prior the 4pm CT deadline and only 20 hours after signing Zack Greinke to a six-year, $147MM contract.
The Dodgers expect Ryu to be part of their starting rotation next season, reports Dylan Hernandez of the Los Angeles Times. Ryu joins Greinke, Clayton Kershaw, Josh Beckett, Chad Billingsley, Ted Lilly, Chris Capuano, and Aaron Harang as starters already under contract. With this surplus, Jon Paul Morosi of FOXSports.com tweets Capuano or Harang could be dealt in the coming days or weeks.