The Chicago Cubs won the bidding for Jorge Soler and agreed to terms with the 20-year-old Cuban outfielder, a source familiar with the situation told ESPNChicago.com's Bruce Levine.
Soler will come to the U.S. and take a physical before signing a nine-year, $30 million contract, according to the source.
Soler has the option of opting out of the contract altogether during his arbitration-eligible years, which means that he could make far more than the $30 million guaranteed.
Year by year, through his arbitration years, he can weigh the dollar value in his agreed-upon salary versus what he might make in arbitration.
The 6-foot-3, 225-pound Soler is a projected right fielder with five-tool potential, according to scouting sources.
Soler worked out for several major league teams on Wednesday, according to multiple sources. He had until July 2 to sign a contract under the previous collective bargaining agreement. Under those rules, teams can bid any amount they wish for a foreign player. After that date, the new rules will prohibit bids of more than $2.9 million.
Information from ESPN The Magazine's Buster Olney was used in this report.