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Chicago Cubs Sign Gerardo Concepcion

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According to Jorge Ebro of El Nuevo Herald, the Chicago Cubs have signed 18-year-old Cuban southpaw Gerardo Concepcion. Enrique Rojas of ESPN Deportes reports Concepcion landed a $7 million guaranteed contract with incentives that could kick it up to $8 million.

"Concepcion was the Rookie of the Year in the Cuban National Series in 2010-11. He had a 10-3 record with an ERA of 3.36 in 21 outings, 16 of which were starts, with the Industriales de la Habana."

At just eighteen years old, some consider Concepcion as pitching phenom with great upside, and for $7 million guaranteed, the Cubs must think so as well. It's not all good for the Cubs, though, as international scouts tell Ben Badler of Baseball America they aren't sure how the southpaw could have signed for $7 million.