What happened: Franmil Reyes and the Hokkaido Nippon-Ham Fighters have agreed to a four-year, $40 million contract, per MLB Trade Rumors. The deal works out to $10 million per season for Reyes, a designated hitter.

Why it matters: Nippon-Ham is also moving a player in the other direction, as the club is set to post Hiromi Itoh for MLB clubs. A four-year commitment at that annual value is a long-term investment in the Fighters' lineup.

What to watch: An official announcement from the Fighters would confirm the final terms.