From the Wire … Cubs Announce One-Year Deal with Nate Schierholtz; Assign Gerardo Concepcion to Kane County

The Cubs finally announced the one-year deal with Nate Schierholtz on Friday and added him to the 40-man roster. The Cubs agreed to terms with Schierholtz on a one-year contract during the Winter Meetings believed to be worth $2.25 million that includes a $500,000 incentives package.

The Cubs announced Friday that Gerardo Concepcion had cleared waivers and was assigned to Kane County. Sandy Rosario was also claimed off waivers by the Giants. The Cubs 40-man roster officially stands at 39 players with two contracts pending.

Gerardo Concepcion was outrighted off the 40-man roster and assigned to Single-A Kane County. The Cubs inked Concepcion to a five-year, $6 million contract on March 11, 2012 that included a $3 million signing bonus. Concepcion struggled mightily in his first year in the states and was shut down with a case of mono. The contract Concepcion signed calls for an annual salary of $600,000 over the five-year contract. The Cubs owe Concepcion $2.4 million.

The Giants claimed Sandy Rosario off waivers from the Cubs on Friday and ┬áRosario’s whirlwind of an off-season continued … the Giants became Rosario’s fifth different team of the winter. The Red Sox claimed Rosario off waivers from the Marlins on October 17 then traded him to the A’s on November 28 for a PTBNL. Oakland then placed Rosario on waivers and Boston claimed him again on December 10. The Cubs claimed Rosario off waivers from the Red Sox on December 12.

With the three roster moves made Friday, the Cubs 40-man currently stands at 39 players.

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