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 CDT – Gerardo Concepcion received a $3 million signing bonus. The remaining $3 million will be spread over the five years of the contract.
Gerardo Concepcion takes the final open spot on the Cubs’ 40-man roster, which currently stands at 40 players.
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