The Yankees outbid four other American teams and sign Japanese P Katsuhiro Maeda to a $1.5 million contract. The Yanks obtain the fastballer from the Seibu Lions for more than $350,000. Maeda, who has his hair dyed orange, was 0-2 with the Lions from 1993 through 1995, but refused to sign for the 1996 season unless he was traded to a U.S. team.

On May 15, 1996 — The Yankees outbid four other American teams and sign Japanese P Katsuhiro Maeda to a $1.5 million contract. The Yanks obtain the fastballer from the Seibu Lions for more than $350,000. Maeda, who has his hair dyed orange, was 0-2 with the Lions from 1993 through 1995, but refused to sign for the 1996 season unless he was traded to a U.S. team.

Source:
Baseball Reference May 15