A league source confirmed to CSNPhilly.com's Jim Salisbury that the Phillies and Cuban pitcher Miguel Alfredo Gonzalez have agreed to a deal.
Yahoo! Sports' Jeff Passan, who first reported the news, says that it's a six-year deal worth $48 million guaranteed with a vesting option for a seventh year at $11 million.
Per a Phillies spokesman, the team has nothing to announce at this time.
Gonzalez, 26, is a 6-foot-2, 185-pound right-hander.
Passan writes that "with a fastball that sits around 93 mph and recently topped out at 96, a split-fingered fastball and changeup that serve as his off-speed pitches, a cut fastball and a slow curveball, Gonzalez's varying array impressed scouts and executives who flocked to Tijuana to watch him pitch in workout showcases and games.
"The Phillies are expected to send Gonzalez to the minor leagues for some seasoning before summoning him to the major leagues by mid-August."
According to Passan, the Phillies are believed to have outbid the Boston Red Sox in the end to land the pitching sensation.
"More than a dozen teams showed significant interest in Gonzalez, though as his price skyrocketed the market thinned," writes Passan.
On Friday, the Phillies lost their season-worst sixth straight game with a 2-1 loss to the Tigers (see story). To make matters worse, Cliff Lee was scratched from his Saturday start with a stiff neck. Raul Valdes will start in his place (see story).