The Twins signed Byung-ho Park to a four year, $12 million contract, completing the posting process:

In addition to Park’s salary, the Twins will pay a posting fee of $12.8 million to Nexen, Park’s KBO team for the past five seasons, for the rights to sign their star player. With the posting fee, the Twins’ total investment in Park is $24.8 million, or $6.2 million per year.

The Twins, who outbid several other MLB teams for Park’s rights, had until Dec. 8 to reach an agreement. But negotiations moved swiftly, and Park flew to Minneapolis on Sunday to finalize the deal, with agent Alan Nero of Octagon Baseball joining him here Monday. An introductory press conference is scheduled for Wednesday at Target Field.

The Twins are paying for a little less than one WAR a season. Jung-ho Kang posted a 2.2 WAR in 2015, so it looks like the going price for a posted player from Korea (salary plus posting fee) is about 50% of what you would expect on the open market. It’s not a great deal for the player, unless they stay around long enough to become a full blown free agent.

And I’m sorry, but I’m always going to think of this when I hear his name: