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The posting system (ポスティングシステム, posutingu shisutemu) is a baseball player transfer system which operates between Japan's Nippon Professional Baseball (NPB) and the United States' Major League Baseball (MLB). Despite the drafting of the United States – Japanese Player Contract Agreement in 1967 designed to regulate NPB players moving to MLB, problems arose in the late 1990s. Some NPB teams lost star players without compensation, an issue highlighted when NPB stars Hideo Nomo and Alfonso Soriano left to play in MLB after using loopholes to void their existing contracts. A further problem was that NPB players had very little negotiating power if their teams decided to deal them to MLB, as when pitcher Hideki Irabu was traded to an MLB team for which he had no desire to play. In 1998, the Agreement was rewritten to address both problems and was dubbed the "posting system". Under this system, when an NPB player is "posted", MLB holds a four-day-long silent auction during which MLB teams can submit sealed bids in an attempt to win the exclusive rights to negotiate with the player for a period of 30 days. If the MLB team with the winning bid and the NPB player agree on contract terms before the 30-day period has expired, the NPB team receives the bid amount as a transfer fee, and the player is free to play in MLB. If the MLB team cannot come to a contract agreement with the posted player, then no fee is paid, and the player's rights revert to his NPB team. Up to the end of the 2008/09 posting period, thirteen Japanese players had been posted using the system. Of these, seven signed Major League contracts immediately, three signed minor league contracts, and three were unsuccessful in attracting any MLB interest. The two highest-profile players that have been acquired by MLB teams through the posting system are Ichiro Suzuki and Daisuke Matsuzaka. They attracted high bids of $13.125 million and $51.1 million respectively, and have enjoyed successful MLB careers. However, since its implementation the posting system has been criticized by the media and baseball insiders from both countries.