According to Ben Badler of Baseball America, the Cubs have signed Dominican right-hander Juan Carlos Paniagua for a bonus of $1.5 million.
Paniagua will still require a background investigation and contract approval from MLB. That’s no sure thing, as the 22-year-old right-hander had two previous signings (Yankees in 2011 and Diamondbacks in 2009) terminated because of falsified documents. Because Paniagua signed after July 2, his bonus will count against the Cubs’ international spending cap for the 2012-13 signing period if his contract is approved.
