ROME, ITALY - MAY 16: Ana Ivanovic of Serbia in action against Silvia Soler-Espinosa of Spain during day five of the Internazionali BNL d'Italia 2012 Tennis on May 16, 2012 in Rome, Italy. (Photo by Julian Finney/Getty Images)
According to various reports on Twitter, the Chicago Cubs have reportedly signed 20 year old outfielder and Cuban defector Jorge Soler.
Soler, who defected from Cuba last year, is a big, power-hitting outfielder with a big arm who is seen as being a few years away from contributing in the major leagues, but is considered a potential impact talent. He was expected to command a deal in the $25 million range.
More details as they become available.
UPDATE -- Jon Heyman is saying that the deal is 9 years for around $30 million.
UPDATE II -- Ken Rosenthal has a writeup on the deal, and says that Soler has the right to opt-out of the financial parameters when he's arbitration eligible. So, for example, if he's arb-eligible in 2017, and thinks he can make more money then than what he's guaranteed under this deal, he can opt-out, still be Cubs property, but make more money via arbitration.