The Cubs have agreed to sign second round pick Duane Underwood for $1.05MM, reports Jim Callis of Baseball America. Slot money for the 67th overall pick was $770K. He'll take his physical on Monday.
Underwood, a high school right-hander from Georgia, is said to run his fastball up to 98. Callis notes (on Twitter) that Chicago is $276K under their draft pool and can afford to pay sixth overall pick Albert Almora up to $3.9MM without forfeiting next year's first round pick.