Cubs Sign Gerardo Concepcion

The Cubs have signed Cuban left-hander Gerardo Concepcion to a contract, reports Jorge Ebro of El Nuevo Herald (via Twitter).  The deal is worth $7MM with incentives that could push the total to $8MM, reports Enrique Rojas of ESPN Deportes Los Angeles.  The contract will become official once Concepcion, a Jaime Torres client, passes a physical.

Concepcion, 18, established residency in Mexico in mid-January and was declared a free agent last week.  Several teams were interested in the young southpaw, including the Blue Jays, Giants, Phillies, Rangers, Red Sox, Royals, White Sox and Yankees.  Torres recently said Concepcion had received as many as 10 contract offers.

The signing is a nice win for Jed Hoyer and Theo Epstein in their quest to rebuild both the Cubs' minor league system and their Latin American scouting and development systems.  The Cubs have also been linked to two other major Cuban free agents this winter, Yoenis Cespedes and Jorge Soler.

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