The Tampa Bay Rays have reached an agreement with free agent Ha-Seong Kim on a two-year contract worth $29 million, according to a source familiar with the negotiations. This information was disclosed on Wednesday, with the individual requesting anonymity since the deal has not yet been officially announced. Reports from ESPN initially broke the news of the agreement.

Kim, who spent his first four seasons in Major League Baseball with the San Diego Padres, earned a Gold Glove award in 2023. As part of his new contract, he will receive an annual salary of $13 million this year. Additionally, the contract includes potential performance bonuses that could total up to $2 million, with $10,000 awarded for each plate appearance commencing at 326 and extending through 525.

Furthermore, Kim holds a player option for $16 million for the 2026 season. The 29-year-old infielder, originally from South Korea, faced a setback last season when he tore the labrum in his right shoulder on August 18, which required him to undergo surgery, ending his season prematurely. In his final year of a previous four-year contract worth $28 million, Kim recorded a batting average of .233, with 11 home runs and 22 stolen bases.