The Chicago Cubs have signed Cuban pitching prospect Gerardo Concepcion to a five-year Major League contract worth $6mm, Doug Padilla of ESPNChicago.com reports. The deal includes a $3mm signing bonus with the other $3mm spread out over the life of the deal.
Back in January, the Cubs were rumored to be one of the front runners for Concepcion along with the Rangers, Yankees, Marlins, White Sox and others.
“One of our focuses has been on continuing to bring in pitching depth, and he's a 20-year-old left-hander, really good feel for pitching, three-pitch mix, has had success at a really young age in Cuba,” general manager Jed Hoyer said. “He's a guy we're excited to bring over here and work with.”
Concepcion will be placed on the 40-man roster but will report to Minor League camp. A big reason the Cubs are doing this is for Concepcion not to feel rushed and allow him time to adjust to baseball in the States.
Last year when Concepcion was 19, he earned Cuban National Series rookie of the year honors, while going 10-3 with a 3.36 ERA over 21 appearances (16 starts).
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Quotes obtained from ESPN.com