[5/6/2016] Posting System automatically extends another year

The Posting System Agreement was set to end on October 31, 2016. The NPB and MLB had until May 5 to give notice of intention to modify or terminate the agreement. Since neither happened, the agreement will automatically extend another year (according to the terms, the agreement will continue as long as notices of intention to modify or terminate are not filed).

Source: Sponichi 5/6/2016, Nikkan Sports 5/6/2016

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