On the homepage, Geng Esports announced the contract of 4 players “Doran” Hyeon-Joon, Han “Peanut” Wang-ho, Jeong “Chovy” Ji-Hoon and Yoo “Delight” Hwan-Joong expired. Accordingly, all 4 players will leave the gene and trigger the free state in the transfer market.
Most likely, the gene will conduct negotiations to sign a new contract for at least 1 year with ChoVy. However, at this time, the mid -way player born in 2001 is receiving a lot of offer with very attractive salary from organizations in China.
In the last 2023 season, the gene has won the domestic and Summer LCK 2023
The fact that the squad has a big change will help the gene to balance the salary fund in the 2024 season. Because, according to the announcement from the LCK Organizing Committee, the sports financial regulations and the salary fund limit will be applied from the coming season 2024 to ensure the sustainable development of teams and players and tournaments.
When the sports financial regulations are applied, the players with good achievements or long -term competition with a team will enjoy many preferential regimes to foster star players.
At this time, LCK has issued various policies and measures to support the sustainable development of the team and the tournament, including competent representative companies and rookie development. The organizers hope new policies and measures will help LCK become a tournament at the international level and are loved for many years.
Sports financial regulations will limit the annual salary based on the total salary paid for the 5 official/highest team players in each team. In particular, the reserve components and other players in the team are not included in the salary limit.
