From the Wire … Cubs Announce Gerardo Concepcion Signing

According to multiple reports, the Cubs officially announced the signing of 20-year old southpaw Gerardo Concepcion. The signing was leaked in February and made official Sunday.

Concepcion signed a five-year Major League deal worth $6 million that includes a signing bonus. Concepcion was added to the Cubs’ 40-man roster.

Updated 2:15pm CDTGerardo Concepcion received a $3 million signing bonus. The remaining $3 million will be spread over the five years of the contract.

Gerardo Concepcion will not participate in big league camp and will report to minor league camp at Fitch Park instead.

Gerardo Concepcion takes the final open spot on the Cubs’ 40-man roster, which currently stands at 40 players.

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  • SuzyS

    It’s interesting that team theo is giving major league contracts to minor leaguers….Can anyone educate me on the thought process behind that?
    I’m also curious as to why Soler is tasking so long to gain citizenship in the Dominican…as opposed to Cespedes??? Does anyone have any insight on that process??? 

    • Tony_Hall

      It gets the player’s clock moving immediately, which will get them to arbitration and FA sooner.  

      I would have to believe that most of the teams were offering spots on the 40 man roster and that was the only way he would sign with a team.  

    • http://pulse.yahoo.com/_3JKQGSH67PHSCQL7OCOLRJHIGY TomO

      I think a lot of it has to do with the impending caps on international signings and the new restrictions on compensatory draft picks.  Theo & Jed are looking to grab the best young, controllable talent money can buy before the new rules take effect.  And what better way to secure a player’s commitment to a team than a nice bonus AND speeding up their developmental clock by playing them on the 40 man roster.

  • http://chicagocubsonline.com/ Neil

    Concepcion’s deal is a $3 million signing bonus with the other $3 million spread over the five years of the deal

  • Tony_Hall

    What a refreshing idea, front-loaded contracts versus back-loaded contracts.

    Good signing with upside, but really little to no down side.  

    • John_CC

      Yeah, and not even a N-T clause?

  • Anthony

    lots of cheaper LHP with the same stuff