Report: Cubs Agree to a Deal with Dominican OF Eloy Jimenez

According to a report from Jesse Sanchez, the Cubs have agreed to a $2.8 million signing bonus with Dominican outfielder Eloy Jimenez. Sanchez reported the deal also includes a $250,000 college scholarship.

According to Sanchez, Eloy Jimenez is at the Cubs’ new facility in the Dominican Republic and the deal is official.

The Cubs have not announced the signing.

The Cubs also signed catcher Johan Matos on Wednesday, as expected, for $270,000.

The Cubs have exceeded their International signing bonus pool of $5,520,300 with the signings of Eloy Jimenez ($2.8 million), Gleyber Torres ($1.7 million), Jefferson Mejia ($850,000), Erling Moreno ($800,000) and Johan Matos ($270,000). If the reported signing bonuses are correct, the Cubs have committed $6,420,000 to sign the five players. The Cubs will have to add slot money before the signings are announced, so trades could be made in the coming days to include international slot money. Or the Cubs could take the penalty and be restricted next year while paying a tax on the overage.

Report: Cubs to Sign OF Eloy Jimenez – includes scouting information

Penalties for Exceeding Pool on International Draft

  • 0-5 percent over pool: 75 percent tax on the pool overage.
  • 5-10 percent over pool: 75 percent tax on the pool overage. Team won’t be allowed to sign a player for more than $500,000 during the 2014-15 signing period.
  • 10-15 percent over pool: 100 percent tax on the pool overage. Team won’t be allowed to sign a player for more than $500,000 during the 2014-15 signing period.
  • 15 percent or more over pool: 100 percent tax on the pool overage. Team won’t be allowed to sign a player for more than $250,000 during the 2014-15 signing period.

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  • Suzy S

    Curious that we are over slot. Hoyer did say that the Cubs were impressed with THIS year’s international talent.
    The Cubs need to come up with $900,000 or so to get under slot.
    It will be interesting to see how this plays out….I would think that they want to get within the 5% over range so they would not be limited in next year’s signing period.

    In light of this news, the Marmol trade seems to be a head scratcher…unless there is some sort of gentleman’s agreement on a part 2 deal with the Dodgers.

    • calicub

      Unless next years class is absolutely horrible (i have know way of knowing..) or are going to go quantity over quality, they need to get under as currently they are ~16.3% over their allotment.

      • Suzy S

        Thanks for the numbers, calicub.
        I’m in basic agreement with you.

        But it also seems to me that the FO is fairly calculating…with their “plan”. As such, it will be more surprising to me if we actually end up being over budget.

        In the final analysis, I expect us to be under the 5% over mark…so that there are no limitations (other than slot allowments) on next year’s int. signing period.

  • http://theboardridersuite.wordpress.com/ Theboardrider

    All these international signings! It’s dominance…

    We’re like the Yankees of signing prospects. The “evil empire”. With our positioning to get the top slots in the international pool, some might call us the “Tankees!” ;)

    • Suzy S

      Ugh….Please…I hate the Yankees.

  • http://chicagocubsonline.com/ Neil

    Eloy Jimenez agent denies a report from MLB.com that says he signed with the Cubs

    This is the only report denying the signing … nothing said about an agreement

  • http://chicagocubsonline.com/ Neil
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