The Los Angeles Dodgers signed Korean left-hander Hyun-Jin Ryu shortly before a Sunday deadline, wrapping up a productive weekend in which they may have acquired their No. 2 and 3 starting pitchers.
Ryu's deal is for six years and sources told ESPN it's worth $36 million with an out clause that kicks in after the fifth year if he has pitched 750 or more innings,.
"We are excited to welcome Hyun-Jin Ryu to Los Angeles and the United States, continuing the tradition of Korean pitchers with the Dodger organization," Dodgers general manager Ned Colletti said in a statement released Sunday.
The Dodgers posted a fee of $25.7 million for the rights to negotiate with Ryu's agent, Scott Boras. Had they not worked out a deal by Sunday at 5 p.m. ET, Ryu would have been returned to his Korean team, the Hanwha Eagles.
The Dodgers had an active weekend, agreeing to terms late Saturday with free agent pitcher Zack Greinke on a six-year, $147 million deal. They will enter the 2013 season with a record payroll of more than $230 million.
Ryu, 25, pitched seven years in the Korean Baseball Organization, where he had a 2.80 ERA and 1,238 strikeouts in 1,269 innings.
Information from ESPN.com's Jerry Crasnick and Jayson Stark was used in this report.