The Seibu Lions have received the $51.1 million the Boston Red Sox bid for the right to negotiate with pitcher Daisuke Matsuzaka.
The team received the money in a bank transfer from the Red Sox on Wednesday, according to club officials.
Team president Hidekazu Ota said the money will be put to good use.
"It will be used for a variety of purposes," Ota said. "Strengthening our current team, promoting the development of youth baseball and providing improved services to our fans."
Lions' Ota: Red Sox Money Will Be Put To Good Use