According to Jon Morosi of FOX Sports, the Chicago Cubs have officially announced their five year major league deal with lefty Gerardo Concepcion. They signed the Cuban pitcher about a month ago, and it was reported that the contract was worth $7M guaranteed, with another $1M or so in incentives.
Concepcion, 20, will report to minor league camp with the Cubs. The southpaw defected last June, and is widely considered to possess great upside.
Twitter / @jonmorosi: #Cubs announced their five ...
"#Cubs announced their five-year major league contract with LHP Gerardo Concepcion. He just turned 20 and will report to minor-league camp."
Chicago Cubs Sign Gerardo Concepcion - MLB Daily Dish
"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."