The Tampa Bay Rays and free agent Ha-Seong Kim have agreed to a two-year contract valued at $29 million, a person familiar with the negotiations told The Associated Press on Wednesday. The person spoke to the AP on condition of anonymity because the deal hadn’t been announced.

The Tampa Bay Rays have agreed to terms with free-agent infielder Ha-Seong Kim on a two-year contract worth $29 million, ESPN reports. The contract includes an opt-out after the first year, which is notable since he's expected to miss the early part of the season after undergoing shoulder surgery in late 2024.

The Japanese drugmaker said that Kim, president of its U.S. business unit, will succeed Chief Executive Christophe Weber, who plans to retire in June next year.

Takeda Pharmaceutical Co.’s board has selected Julie Kim, the head of the company’s US unit, to replace Christophe Weber as the drugmaker’s new chief executive officer.