LOS ANGELES (CBSLA.com) The South Korean left-handed pitcher Ryu Hyun-jin and his agent Scott Boras have rejected the Dodgers’ initial long-term offer made by general manager Ned Colletti.

As expected by the Dodgers, Boras and Ryu have presented the Dodgers a counteroffer on Tuesday afternoon, according to the LA Times.

Boras is expecting Ryu to be compensated like a No. 3 starter in the majors — meaning the offer could be around $50 Million.

The Hanwah Eagles accepted the winning posting bid on November 10 made by the Dodgers at $25.7 million to have exclusive rights to negotiate.

The Dodgers will have to pay the posting fee ($25.7 million) to the Eagles, where Ryu played for in the Korean League, if the two sides agree on terms.

If Ryu does not night sign with the Dodgers, they will owe the Eagles nothing.

The Dodgers have until December 9 to complete a deal.

The Dodgers are also in negotiations with free agent starter Zach Greinke.