The Cubs did sign an acclaimed player out of Cuba, but it's not Yoenis Cespedes or Jorge Soler. Rather 18-year old LHP Gerardo Concepcion. A player Kevin Goldstein called polished for his age, but with the ceiling of a #4/#5 starter and whom Goldstein would put at #6 on his Top 11 Cubs prospect list. Standing at 6'2", he throws in the upper 80's to 90mph with a curve and a change-up (what's up Ted Lilly?). Considering his age and alleged polish, he should start in Peoria rather than hang back in Arizona and then join Boise or the Arizona Rookie League in June. Enrique Rojas says the deal is for a total of $7M and a major league deal, which means a 40-man roster move would be necessary. ESPN Chicago adds that incentives can take the deal up to around the $8M mark. All this makes the Jeff Samardzija draft deal look good.
The Cubs have also signed Ryan-Rowland Smith to a minor league deal. The 29-year old Aussie pitched in the Astros minor leagues after spending parts of 4 seasons in the majors with the Mariners, but I'll always remember him from this commercial. I presume he'll be added to the non-roster invite list for spring training.
Also, with Edwin Jackson signing with the Nationals, the Cubs at the moment own the #6, #43, #55 and #65 picks in the 2012 draft. Derek Lee and Raul Ibanez are the last two Type B free agents out there and there's no guarantee they'll sign, but if they do, they both rank higher than Carlos Pena in the Elias Rankings, so those last two picks I mentioned could drop to as low as #57 and #67 if I did my math correctly. BA put out an early top 100 prospect list for the 2012 draft for some early obsessing.