Associated Press
TOKYO // Pitcher Masahiro Tanaka is set to move to the majors next season after his Japanese team Rakuten Eagles announced Wednesday they was prepared to let him leave, reversing their earlier rejection.
Rakuten Eagles president Yozo Tachibana told a news conference that the team have decided to release him through the posting system, paving the way for his departure. Tachibana said Tanaka’s outstanding performance over the past seven years, including this season, meant he deserved to be allowed to move to the US.
Tanaka went 24-0 with a 1.27 earned run average with the Eagles during the regular season and sought a move to the majors but he has two years remaining on his contract and Rakuten was under no obligation to release him.
“I’m grateful to the team for allowing me to try. Now I’ve made a first step,” he said. “I hope I would receive offers from as many teams as possible so I have a wider option.”
The New York Yankees are considered the leading candidates to sign Tanaka, though the capping of the posting fee at $20 million (Dh73.46m) meant many other teams could also afford to make offers.
The Eagles had rejected the new posting system but it was passed by a vote of Japan’s professional teams. Following that decision, Rakuten had initially said they want to retain Tanaka, before Wednesday’s change of heart.
Tachibana said the club took into consideration Tanaka’s “outstanding contribution to the team” since he joined the Eagles seven years ago.
For 30 days from the time a player is posted, any MLB team can attempt to sign the player. It pays the posting fee only if it signs the player.
The new posting system was negotiated after some MLB teams objected that only the richest clubs could afford to bid on top Japanese players.
Under the previous agreement, which began in 1998 and ran through last off-season, there was no cap on bidding and only the highest bidder could negotiate with the player.
Boston obtained pitcher Daisuke Matsuzaka from the Seibu Lions before the 2007 season for $51,111,111.11, and agreed to a $52 million, six-year contract. Texas got pitcher Yu Darvish from the Hokkaido Nippon Ham Fighters before the 2012 season for $51,703,411 and gave him a $56 million, six-year deal.
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Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
The Bio
Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity