The Cubs officially announced the signing of pitcher Carlos Villanueva to a two-year deal this afternoon. In order to make room for him, Chicago has designated fellow right-hander Lendy Castillo for assignment.
Castillo, 23, pitched 16 innings for the Cubs' varsity squad last season and allowed 14 earned runs . With the exception of one Double-A outing last season, he has never pitched above Single-A ball in the minors.
Villanueva agreed to his deal with the Cubs more than a month ago but the agreement wasn't finalized until today. Terms of the pact weren't disclosed in the press release but the former Toronto pitcher will reportedly receive $10MM over the next two seasons.