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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