The Dodgers have signed Korean left-hander Hyun-Jin Ryu for $36MM over six years, reports Jon Heyman of CBSSports.com (Twitter links). The deal was struck just prior to the 4pm CT deadline and only 20 hours after signing Zack Greinke to a six-year, $147MM contract.

Ryu's deal includes innings-based performance bonuses worth $1M per year, which could raise the total of the contract to $42MM, according to Heyman (Twitter links). Heyman also reports (via Twitter) that Ryu can opt out after the fifth year of the deal. The opt out can be triggered if Ryu throws 175 innings during those five years, writes Yahoo! Sports' Tim Brown. Brown adds Ryu will receive a $5MM signing bonus. Dylan Hernandez of the L.A. Times tweets that Ryu will earn $2.5MM in 2013, $3.5MM in 2014, $4MM in 2015 and $7MM annually from 2016-18.

Hernandez also breaks down (via Twitter) the innings-based performance bonuses and other details (all links go to Twitter) from the Scott Boras negotiated deal including: there isn't a no-trade clause, Ryu's salary can increase depending on how he fares in the Cy Young voting, Ryu can't be sent to the minors without his written consent, the Dodgers will pay for an interpreter, and Ryu's jersey will sport the number 99.

The Dodgers expect Ryu to be part of their starting rotation next season, reports Hernandez. Ryu joins Greinke, Clayton Kershaw, Josh Beckett, Chad Billingsley, Ted Lilly, Chris Capuano, and Aaron Harang as starters already under contract. With this surplus, Jon Paul Morosi of FOXSports.com tweets Capuano or Harang could be dealt in the coming days or weeks.

Ryu was posted by the Hanwha Eagles last month and the Dodgers won his negotiating rights with a bid worth a bit more than $25.7MM. The 25-year-old has been one of the Korea Baseball Organization's most dominant pitchers over the last several years, helping Korea win Olympic gold in 2008 and finish second in the 2009 World Baseball Classic. Ryu went 9-9 with a 2.66 ERA last season for last place Hanwha with 210 strikeouts in 182 2/3 innings. He has a 2.80 ERA over his seven-year career in Korea.

This marks the Dodgers’ second significant move in the international market since they were purchased by Guggenheim Baseball Management. In June, the Dodgers signed 21-year-old Cuban defector Yasiel Puig to a seven-year, $42-million contract.