2:14pm: Bonifacio will make $2.5MM, plus a possible $425K in incentives, if he makes the Cubs out of spring training, CBS Sports' Jon Heyman tweets. Bonifacio therefore will not make a league-minimum salary, as had previously been reported. Including the $574K Bonifacio will receive in termination pay from the Royals, his Cubs deal could pay him up to the $3.5MM he orginally would have received had he stuck with Kansas City.
10:53am: The Cubs have agreed to terms with infielder Emilio Bonifacio, Grupo Telemicro's Ildefonso Urena tweets. The agreement is for a minor-league deal, ESPN Chicago's Jesse Rogers reports. Jon Heyman of CBS Sports tweets that Bonifacio had Major-League offers from other teams, so it appears likely that he believes he will make the Cubs out of spring training. Bonifacio is represented by Kinzer Management Group.
The Royals had previously avoided arbitration with Bonifacio, signing him to a one-year, $3.5MM deal, but they designated him for assignment when they signed Bruce Chen, meaning they only had to pay a fraction of that $3.5MM salary. Bonifacio subsequently cleared release waivers, and became free to sign wherever he liked.
Bonifacio, 28, hit a relatively .243/.295/.331 in 461 plate appearances with the Blue Jays and Royals last season, but he can play second and third base and any outfield position, and he contributes good value on the bases. He also played shortstop semi-regularly as recently as 2011. Cubs second baseman Darwin Barney struggled last season, so Bonifacio could provide insurance at second if that happens again. He could also serve as a bench player.