Major League Baseball and Nippon Professional Baseball are working on a new posting agreement, according to Joel Sherman of the NY Post. The new agreement could be in place by November 1st, which is this Friday, and could bring some slight changes to the posting process.

Sherman notes that only one team will win the rights to negotiate with players, although it is possible that the player could have his choice between the top 2-3 bidding teams.

Under the current system, teams submit sealed bids, with the highest bidder getting a 30-day window to negotiate with the player. The money from the bid goes to the team in Japan, and it can be costly. Daisuke Matsuzaka and Yu Darvish both required a little over $51 M just for teams to negotiate. The end result is that a top player from Japan ...

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