Updated 5:46pm CDT – The Cubs have listed the signing of OF Eddy Julio Martinez on the official transactions page and multiple reports, including one from Jon Heyman, have confirmed the deal with Martinez is for $3 million.
MLB Reportedly Decides Cubs Contract with Eddy Julio Martinez is Official
Based on the two reports, Major League Baseball has determined the contract Martinez agreed to and signed with the Cubs will be honored and not the agreement he had in place with the Giants for $2.5 million.
Martinez reportedly signed with the Cubs on Oct. 8 for $3 million. The paperwork was turned in on his deal with the Cubs, including a signed term sheet. The Giants thought they had an agreement in place with Martinez on Oct. 3. The Giants submitted the paperwork but Martinez did not sign the Giants’ term sheet “or the sworn statement that says a Cuban player is compliant with Section 515.05 of Cuban Assets Control Regulations in order to sign with a Major League team.”
Eddy Julio Martinez has two sets of representatives which reportedly caused the issue between the Cubs and Giants. Martinez’s reps in the Dominican Republic agreed to the contract with the Cubs while Beverly Hills Sports Council made the deal with the Giants.
The Cubs have not announced signing OF Eddy Julio Martinez. With the amount of press Martinez has received, the Cubs should confirm if he has passed his physical and is officially part of the organization.
Reports surfaced almost three weeks ago from Jesse Sanchez, Ben Badler and Jon Heyman that Martinez agreed to terms with the Giants on a $2.5 million contract. Keith Law reported two days later that Martinez had not signed with the Giants and he was still talking to other teams. At that point reports indicated Martinez was looking for a $3 million contract and the Giants were not willing to pay him the additional $500,000.
Jesse Sanchez reported on Oct. 8 the Cubs had an agreement in place with Eddy Julio Martinez for $3 million. Sanchez’s report was confirmed by Jeff Passan and Keith Law. Plus, Law said the deal with the Cubs was pending a physical before it became official.
Giants’ GM Bobby Evans addressed the reports that the Cubs signed Martinez during a radio interview the following day (Oct. 9). Evans said the Giants were still talking to Martinez’s representatives and he did not have an agreement with the Cubs.