MINNEAPOLIS (AP) — South Korean first baseman Byung Ho Park has agreed to a $12 million, four-year contract with the Minnesota Twins.

The 29-year-old, who also is a designated hitter, gets $2.75 million in each of the next two seasons and $3 million each in 2018 and '19. The Twins have a $6.5 million option for 2020 with a $500,000 buyout.

On Nov. 9, Minnesota won the right to negotiate with Park for 30 days by placing a high bid of $12.85 million after he was posted by the Nexen Heroes under Major League Baseball's agreement with the Korea Baseball Organization. The money was due only if Park signed with the Twins.

Park hit .343 with 53 homers and 146 RBIs this year. He has a .281 average and 210 homers in parts of nine seasons in Korea.