MLB and NPB Nearing $20MM Max Bid Agreement

According to Jon Morosi, the MLB and NPB are nearing an agreement on the posting system. In the new blind bidding approach, there will be a maximum bid of $20 million. There are currently two proposals for tie breakers, one which goes to the team with the worst record, and the other determined by the player's preference. It's much more likely that player preference is the system agreed upon, but I'll update this post when more information becomes available. This will affect any bidding for Masahiro Tanaka, and since this may increase the salary for the Japanese agent, it should hurt the Yankees chances at getting him for their prefered budget price. (Assuming the budget is still a thing)