TODAY, 8:34pm: Hinojosa's deal is for $4.25MM, a source tells Jesse Sanchez of MLB.com (Twitter link).
TODAY, 8:37am: The Sox will pay Hinojosa a $4MM bonus, Jon Heyman of CBSSports.com tweeted early this morning.
YESTERDAY, 9:54pm: The Red Sox have agreed to a minor league contract with Cuban right-hander Dalier Hinojosa, Baseball America's Ben Badler reports. Terms of the deal aren't known, but the signing bonus won't count against Boston's international spending cap since Hinojosa is 27 years old. Hinojosa is represented by Bart Hernandez and Praver/Shapiro.
The Sox were rumored to be interested in Hinojosa when he was cleared as a free agent last July. The Dodgers, Cubs and Yankees were also reportedly interested in the righty, who Badler says is projected by many scouts as a relief pitcher. Hinojosa throws "a slurvy breaking ball," a fastball in the 88-92 mph range, and another splitter/changeup-type of pitch.
Jeff Todd and Aaron Steen contributed to this post.