Ryu led Major League Baseball with a 2.32 ERA in 2019 while pitching for the Los Angeles Dodgers, and he finished second in the National League Cy Young Award voting. Ryu was also the NL starter at the All-Star Game and was the biggest name left in the pitching free agent market this winter.

Ryu, the 2006 regular season MVP and Rookie of the Year in the Korea Baseball Organization, signed a six-year, $36 million deal with the Dodgers via posting before the 2013 season. He compiled a 54-33 record with a 2.98 ERA in 125 starts with the Dodgers.

Ryu, 32, missed the entire 2015 season and made just one start in 2016 due to shoulder and elbow injuries. He came back to make 25 appearances in 2017 -- with one game out of the bullpen -- and went 5-9 with a 3.77 ERA. He was rendered an afterthought during the Dodgers' run to the World Series.

Injuries limited Ryu to 15 starts in 2018, though he posted an excellent 1.97 ERA with a 7-3 record.

After last season, Ryu bet on himself by accepting the Dodgers' one-year qualifying offer worth $17.9 million, rather than testing the open market. And Ryu had the best season of his career, winning the ERA crown and becoming the first Asian pitcher to earn a first-place vote in the Cy Young race.

That set up Ryu nicely for a big pay day and given his age, this may well be the last multiyear contract he signs in the majors.

Represented by super agent Scott Boras, Ryu has been drawing interest from multiple clubs throughout the offseason. And if the deal is confirmed, Ryu will be the highest-paid South Korean player in major league history in terms of average annual value with $20 million.

Veteran outfielder Choo Shin-soo has a seven-year, $130 million deal with the Texas Rangers. (Yonhap)