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Cubs Announce Gerardo Concepcion Signing

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.