It's a bit of news that has been known for quite some time, but today the Cubs made it official. Gerardo Concepcion has signed a 5 year MLB deal worth $6M guaranteed according to a tweet by WGN's Jordan Bernfield.
The deal is a little less than the originally reported $7M and it's a relief to me that it is a 5 year deal, which will give the polished Concepcion plenty of time to establish himself in the majors. According to Carrie Muskat, the deal includes a $3M signing bonus with the other $3M being spread out over the next 5 years.
I've written a lot about Concepcion in the past but today we heard from GM Jed Hoyer.
According to Muskat, Hoyer said the Cubs have scouted him extensively and that they felt comfortable with the financial commitment.
"He's the kind of guy we want to keep adding to our system. He had success early on there, and he's advanced when it comes to a feel for pitching."
As far as the level at which he'll start,
"I don't want to put any expectations on him. Let's get him to the Minor Leagues, let him perform, and we'll figure that part out. With any Cuban guy, there is an assimilation process, both socially and baseball-wise. We don't want to put undue expectations on a guy who does need to assimilate to our culture."
For now, the Cubs will assign him to the minor league complex, though he might get some action in the major league camp this year. The Cubs will not need to make room for him on the roster since they were at 39 since losing Chris Carpenter to Boston as compensation a couple of weeks ago.