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Cubs reportedly sign Jorge Soler

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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)
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)
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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.