Rays To Sign Ha-Seong Kim

The Rays and infielder Ha-Seong Kim have reportedly agreed to a two-year, $29MM contract which allows him to opt out after the first season. He will make $13MM this year with $2MM worth of incentives also available. The full details of the bonuses haven’t been reported but they are based on plate appearances and start at 325. If he forgoes the opt-out opportunity, he’ll make $16MM in 2026. The club has a full 40-man roster and will need to make a corresponding move when this becomes official.

Kim’s free agency has been one of the more difficult ones to project on account of his uncertain health status. In August of last year, while with the Padres, he injured his right shoulder while diving back into first base on a pickoff attempt. He underwent surgery late in September to repair the labrum in that shoulder. His agent, Scott Boras, has since suggested that Kim could be back on the field by April. Padres president of baseball operations A.J. Preller gave a more nebulous and less optimistic answer of “May, June, July.”

Prior to that injury, there was an argument for Kim securing a four- or five-year deal, perhaps approaching nine figures. But the injury to his throwing shoulder made that harder to see. Though he’s a solid hitter, a big part of his appeal as a player is his defense. He has played most of his career at shortstop but also has significant time at second and third base with strong marks at all three spots. If he comes back from surgery with diminished arm strength and is less viable on the left side of the diamond, that would cut into his value.

As such, it seemed likely that he would sign a deal that allowed him to return to free agency next year, either on a one-year deal or a two-year pact with an opt-out. That would give him the chance to potentially return, prove his health and sign another contract with the injury in the rear-view mirror.

At the start of the offseason, MLBTR predicted Kim for a straight one-year pact with a $12MM guarantee, though with the caveat he could follow players like Rhys Hoskins and Michael Conforto in securing a two-year pact with an opt-out. Hoskins got $34MM from the Brewers and Conforto $36MM from the Giants. Both are represented by Boras and Kim switched his representation to that agency in October, shortly after his injury.

The situations aren’t completely analogous. Both Hoskins and Conforto signed their deals after missing an entire season but were set to be healthy as those deals began….