Cubs announce deal with OF Schierholtz

CHICAGO -- The Chicago Cubs announced the signing of free-agent outfielder Nate Schierholtz to a one-year deal on Friday.

The announcement comes after an agreement was reached at the winter meetings in Nashville earlier this month.

Schierholtz, 28, hit .257 with eight doubles, five triples and six home runs in 114 games between the San Francisco Giants and Philadelphia Phillies last season. He's expected to compete for playing time in right field.

Terms of the deal were not released, but a source close to the situation said Schierholtz will be paid $2.25 million with a chance to make more in performance incentives.