Major League Baseball announced Friday afternoon that they have ratified the new posting agreement between MLB and Nippon Profession Baseball beginning on Nov. 1, 2018 through Oct. 31, 2021.

MLB also announced that Japanese star Shohei Ohtani will be posted officially today by the Hokkaido Nippon Ham Fighters and then teams will have until Dec. 22 at 11:59 p.m. ET to sign him.

The release fee for Ohtani is set at a maximum of $20 million and he will be subject to collective bargaining agreement’s designation as an international amateur, meaning he’ll be subject to international bonus pools.

The most he can be offered is $3.53 million from the Texas Rangers. The New York Yankees have the second most money to offer him at $3.5 million and the Minnesota Twins have made recent deals to up their bonus pool money to $3.245 million. Though the Mets could still make trades to add pool money they’re currently sitting at only $105,000.

It was reported earlier today that the Yankees and Los Angeles Angels are expected to have strong interest in the one they call Japanese Babe Ruth.

Given that Ohtani could have waited two years to avoid the international amateur rules and is losing out on millions of dollars by coming to the US now it’s safe to assume his decision won’t only come down to money.

In fact, Ohtani’s agent has asked each MLB team that intends to bid on the two-way Japanese standout to say in writing why he would be a good fit for their club, the Associated Press reported.

“Balelo’s memo asks for a team to evaluate Ohtani’s talent as a pitcher and as a hitter; to explain its player development, medical training and player performance philosophies and facilities; to describe its minor league and spring training facilities; to detail resources for Ohtani’s cultural assimilation into the team’s city; to demonstrate a vision for how Ohtani could integrate into the team’s organization; and to tell Ohtani why the team is a desirable place to play.”

The 23-year-old Ohtani hit .332/.403/.540 in 65 games this season and had a 3.20 ERA in 25.1 innings. Thigh and ankle injuries limited his time on the mound in 2017.

In addition to Ohtani, MLB announced that right-handed submarine reliever Kazuhisa Makita will be posted by the Seibu Lions on or before Dec. 31. A release fee has not been set for Makita and him being 33-years-old means he’s not subject to amateur signing bonus pools and can sign for any amount.

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Makita, posted a 2.30 ERA, 1.02 WHIP and 7.00 SO/W over 62.2 innings for the Lions in 2017. The former starter has been a reliever the past two seasons rarely allows home runs (0.4 HR/9 in career) or walks (2.0 BB/9) while throwing a fastball in the mid-80s and a nasty sweeping slider.

Makita recently signed on with agent Steve Hilliard, previously worked with Hiroki Kuroda, in his efforts to come to MLB. He says that he would likely return to Japan to play if he doesn’t receive a major league deal.