Park Byung-ho signs MLB deal with Minnesota Twins

Park Byung-ho after officially becoming a member of Major League Baseball's Minnesota Twins / Courtesy of Facebook

Korean slugger Park Byung-ho from the Nexen Heroes has signed a four-year contract with the Major League Baseball (MLB) team, the Minnesota Twins, the club announced Wednesday on its website.

The contract offers a guaranteed salary of $12 million, which includes a $500,000 buyout and a club option for 2020 worth $6.5 million.

With the deal, the Twins will give the Korean first baseman two payments of $2.75 million each in 2016 and 2017 and $3 million in 2018 and 2019.

Park, 29, is the second Korea Baseball Organization (KBO) position player to sign a contract with MLB via posting. He was preceded by his teammate Kang Jung-ho, who signed a four-year contract worth $11 million with the Pittsburgh Pirates.