KBO waives remaining Heroes fees

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KBO waives remaining Heroes fees

The Korea Baseball Organization and its team directors have reached an agreement on fee payments the league is owed by the Seoul Heroes.

That team had owed the league 3.6 billion won, part of a total 12 billion won settlement that would be doled out to competing teams as compensation for splitting the fan base in the capital region. But instead, the Heroes paid two of those teams, the LG Twins and the Doosan Bears, 1.5 billion won directly on Dec. 11.

But the Heroes were absolved of all outstanding fees by the decision reached yesterday, which also distributed the fees paid by the Heroes among three teams: the Twins, the Bears and the SK Wyverns. The Twins and Bears will receive payments of 1.2 billion won to bring their total compensation to 2.7 billion won each, while the Incheon-based Wyverns will receive 2 billion won. The Heroes played in nearby Suwon as the Hyundai Unicorns for seven years.

Next, the teams will refund some of the fees to the league as “donations,” with the Twins and Bears to send 500 million won each, while the Wyverns are responsible for 400 million won.

Adding to the confusion was an attempted trade of the Heroes’ Lee Taek-geun to the Twins for two players and cash on Dec. 18. KBO officials barred the trade due to the outstanding fees. Now the proposal is under review.

The league also announced the 2010 season will start on March 27.

By Jason Kim [jason@joongang.co.kr]
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