Four teams that acquired forwards in the Korean Basketball League (KBL) this summer have opted for cash compensation instead of compensatory players.
“Seoul SK, Anyang KGC, Suwon KT, and Daegu KOGAS have elected to receive cash compensation for the transfer of each player in connection with the exercise of the compensation designation rights for the 2023 KBL free agents,” the KBL announced on Monday.
According to KBL rules, teams must compensate 안전놀이터 their original clubs when signing free agents. In particular, if the team acquires a player within the top 30 in the previous season’s salary ranking, it must compensate one compensation player and 50% of the previous year’s salary or 200% of the previous year’s salary.
In particular, the forwards Moon Sung-gon (KGC→KT), Yang Hong-seok (KT→LG), Jung Hyo-geun (Gasworks→KGC), and Choi Jun-yong (SK→KCC), who switched sides, were within the top 30 in terms of compensation. However, all four teams (KGC-KT-GASCO-SK) opted for cash compensation.
KCC, which landed the top free agent, Choi Jun-yong, will pay SK 1.1 billion won. KT and LG will each pay 1 billion won to KGC-KT. KGC will have to pay KOGAS 600 million won for signing Jung Hyo-geun.