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KBO's Giants re-sign veteran slugger Lee Dae-ho

Sports 10:57 January 29, 2021

By Yoo Jee-ho

SEOUL, Jan. 29 (Yonhap) -- The South Korean baseball club Lotte Giants announced Friday they've re-signed slugger Lee Dae-ho to a new two-year contract, ending protracted negotiations that highlighted a gulf between the old-school player and the new-age front office.

The Giants said Lee has signed for up to 2.6 billion won (US$2.3 million). He will receive 800 million won a year in annual salary and get an 800 million-won signing bonus. There's also a 100 million won championship bonus per season should the Giants win the Korean Series over the next two seasons.

The deal comes three days before the start of spring training.

Lee, 38, became a free agent after the 2020 season, in which he batted .292/.354/.452 with 20 home runs and a team-high 110 RBIs. He was the highest-paid player in the league last year with a salary of 2.5 billion won.

Lee Dae-ho of the Lotte Giants (L) shakes hands with club CEO Lee Seok-hwan after signing a new two-year deal with the team on Jan. 29, 2021, in this photo provided by the Giants. (PHOTO NOT FOR SALE) (Yonhap)

Lee has spent his entire 15-season Korea Baseball Organization (KBO) career with the Giants. From 2012 to 2016, Lee played for the Orix Buffaloes and the Fukuoka SoftBank Hawks in Japan, and then the Seattle Mariners in the majors. When Lee returned to the KBO, the Giants handed him a four-year contract worth 15 billion won, the largest contract handed out to a free agent in KBO history.

In a statement released by the club on Friday, Lee said he will retire a Lotte Giant after the deal runs out in 2022. The 2010 KBO regular season MVP is the Giants' franchise leader with 332 home runs and 1,243 RBIs.

Lee and the Giants had appeared far apart in their contract talks, with the player seeking recognition for more traditional statistics such as RBIs while the analytically inclined front office pointed to Lee's declining value in more advanced numbers. That Lee is mostly a designated hitter now, rather than the full-time first baseman that he'd been in the past, also seemed to make management reluctant to commit significant money to the aging veteran.

In this file photo from Oct. 20, 2020, Lee Dae-ho of the Lotte Giants hits a single against the Doosan Bears in the bottom of the seventh inning of a Korea Baseball Organization regular season game at Sajik Stadium in Busan, 450 kilometers southeast of Seoul. (Yonhap)

Lee's on-base percentage of .354 was his lowest in a full season since 2004, while his .452 slugging percentage was only marginally better than his career-low .435 from 2019. RBIs are largely dependent on having teammates get on base ahead of the hitter and aren't quite as revered as they once were in baseball.

In a recent interview, Lee said he sacrificed many opportunities to take walks and increase his on-base percentage because he wanted to swing the bat and drive in runs. He also insisted baseball games aren't won on numbers.

The front office might have had a point, though. According to Sports 2i, the official statistics provider of the KBO, Lee posted a 93.8 in weighted runs created plus (wRC+). It's a stat that measures a hitter's offensive value based on the outcome of each plate appearance, and adjusts the number to the player's ballpark. The league average is set at 100, and Lee's number means that he was 6.2 percentage points worse than league average in 2020.

In this file photo from Oct. 16, 2020, Lee Dae-ho of the Lotte Giants heads to first base after hitting a single against the NC Dinos in the top of the eighth inning of a Korea Baseball Organization regular season game at Changwon NC Park in Changwon, 400 kilometers southeast of Seoul. (Yonhap)

Lee also posted a 2.69 in wins above replacement (WAR), a catch-all metric for assessing players' overall value. Lee ranked only fifth in WAR on his own team.

Lee denied on Friday there had been any rift.

"We didn't have any differences as far as the size of the contract," Lee said. "We just met late in the offseason. We took some time trying to determine when I was going to retire. My only goal is to help the team win the Korean Series within the next two seasons and then hang up my cleats."

Lee also said he will donate his entire championship bonus to charity. The Giants haven't won a title since 1992.

In this file photo from Oct. 18, 2020, Lee Dae-ho of the Lotte Giants (R) bumps fists with his first base coach Oh Tae-gen near home plate after hitting a solo home run against the NC Dinos in the top of the seventh inning of a Korea Baseball Organization regular season game at Changwon NC Park in Changwon, 400 kilometers southeast of Seoul. (Yonhap)


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