Cubs sign Juan Carlos Paniagua for $1.5M

Cubs sign Juan Carlos Paniagua for $1.5M

Back when we were talking about possible international free agent signings, I put one pitcher on the top of my list as far as who to keep an eye on: Juan Carlos Paniagua.  Here's what I said at that time...

Juan Carlos Paniagua, RHP, 22, Dominican Republic:  Don't quote me on his age because Paniagua has already had a couple of contracts voided, one with the Diamondbacks, when he was known as Juan Collado and actually pitched in 2009 in the DSL as a reliever, posting a 4.66 ERA.  The Yankees then signed him last year for $1.1M and his contract was voided again.  So what's to like about Paniagua then?  Well, he throws mid 90s consistently and can touch the upper 90s.  Some like his change but there are questions about his breaking stuff and feel for pitching.  He won't be eligible again until July 19th.

Well, it's July 19th and he has signed with the Cubs for $1.5M.  Even though he is an international free agent signing, his age will dictate that he moves quickly.  He may start in the DSL to get his feet wet, but I wouldn't be surprised to see him move into full season ball by the end of the year.

The Cubs have now spent 2.2 million dollars on two players, IF Frandy de la Rosa and Paniagua.  They are allotted $2.9M, giving them 700K left to spend on an additional player or players.  However, I was informed by Jim Callis of Baseball America that the Cubs can spend up to 50K on 6 additional players and an unlimited amount for under $7500.  The rules only apply, as I understand it, to players under the age of 23, so the Cubs could go after another Cuban, RHP Armando Rivero.

Filed under: International players

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  • Comments are back up people!!!

  • Sounds like a nice signing... So they still have $700,000 to sign other international prospects? Do you think they could still sign any of the other players you profiled in your previous article?

  • In reply to Ibleedcubbieblue:

    700K...did I say 600K...How did I pass math?

    They won't get the younger kids, I don't think. They still have a shot at Rivero.

  • In reply to John Arguello:

    I should mention I won't rule them out. 700K is still a lot, but it wouldn't surprise me if the Cubs spread it out.

  • In reply to John Arguello:

    With the comments being down and the poor math, I'd guess you had yourself a few Old Styles at at the game. I know I would have.

  • In reply to Ibleedcubbieblue:

    Ha! I only had one since I had my nephew there, but the mad rush to catch up messed me up. I'll have to fix it. And then I'll have a scotch.

  • Is the Cubs picking up these 2 pitchers a sign that they may have
    to get some hitters in their trades. I hope Dempster does not
    pitch before he is traded. So many things can go bad or wrong.

  • In reply to emartinezjr:

    Not at all. In fact, I think the Cubs will pick up pitching in their deal for Dempster.

  • Exciting, hopefully this guy is worth the $ (over half the pool) and can move quickly since he is 22

    Anyway we can get impact arms, i am in

    What is the ceiling with this guy? Dude can throw upper 90's, pretty high?

  • In reply to Andrew13:

    Pretty high ceiling and not much projection left, so not a lot of guesswork here. I'm assuming the Cubs are among the team that are more optimistic with his breaking ball and pitchability to give him that much, but even if they're off on that, he's still a potential closer.

  • When will trade happen!?!?

  • In reply to drew:

    Between tonight and tomorrow afternoon, I'll guess.

  • Just read an article from CSN Chicago's Patrick Mooney about Soler in which he mentions Almora is supposed to debut on Monday.

  • Not indicated here is why the two contracts were voided, but searching around indicates it has to do with the assumed name and bad paperwork. So, before all the above start drooling, let's hope Jed has scrutinized the paperwork this time.

  • In reply to jack:

    Falsified documents is all that is known. Could mean a lot of things but age would be on the short list.

  • In reply to John Arguello:

    It's almost always something to do with identity - name,age, etc.

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    In reply to John Arguello:

    You've got to thing that, given the previous problems, Theo and Jed have done their due diligence on the paperwork. I know I wouldn't make this kind of investment unless I was 100% sure all the i's were dotted and t's crossed.

    It sounds like Paniagua has a chance to be a starter, but is more likely to end up as a reliever? Sounds 80/20 for the bullpen to me.

  • In reply to John Arguello:

    It also sounded like it had to do with immigration documentation.

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    It'd be awesome if we can move all three for good prospects (although the return on Maholm won't be as good). That said, I can't say I'm looking forward to a rotation of Samardizija, Wood, Volstad, Wells and Rusin/Jackson/Raley/whomever. Would give us a good chance at the #1 pick at least!

  • In reply to Kevin Heckman:

    Hopefully we get a pitcher who'll be ready by next season, but that doesn't seem likely. Probably more bargain signings like Maholm, maybe a flyer on a Volstad guy where hopefully it works next time.

  • In reply to John Arguello:

    Think Jonathan Sanchez is a possibility?

  • In reply to cubbie steve:

    Sanchez has been awful. He's been DFA'd. I suppose they could take a flyer on him and put in a claim, but he's made Volstad look like Cy Young.

  • In reply to John Arguello:

    Just does't seem that long ago that Sanchez litterally had no hit stuff. I get why Cubbie Steve is asking... If you can stick him in the minors, unlike Volstad at least he has shown the ability to be a solid pitcher at the Major League level. Maybe we could catch lightening in a bottle.

  • Bruce Levine of ESPN is reporting the Pirates and Royals are interested in Maholm.

  • In reply to Ibleedcubbieblue:

    Saw that. Thanks.

  • Any idea why his contract with the Yankees was voided?

  • In reply to Jimmy Greenfield:

    The only thing I heard was "falsified documents", which is about as generic as it gets.

  • How long does it typically take for an international free agent to debut? Ex. Frandy De La Rosa

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