Report: Cubs Agree To Terms With Cuban Pitching Phenom Gerardo Concepcion

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The Chicago Cubs have signed Cuban pitching phenom Gerardo Concepcion to a $7 million guaranteed contract, according to Enrique Rojas of ESPNdeportesLA.com.

Rojas reports that the deal is done pending a physical, and it contains incentives that could up the 18-year-old lefty's salary to $8 million.

Concepcion was the Rookie of the Year in the Cuban National Series in 2010-11. He had a 10-3 record for the Industriales de la Habana and an ERA of 3.36.