7/2 Cubs sign shortstop
The Cubs already signed Cuban outfielder Jorge Soler before Tuesday’s deadline, and also reportedly have added 16-year-old Dominican shortstop Frandy De La Rosa, signing him to a $700,000 deal. In accordance with the new Collective Bargaining Agreement, the international system now operates with money pools and penalties for teams that exceed their pools. For the 2012-13 signing period, every team will have the same pool of $2.9 million. Starting in 2013-14, the pools will be based on the prior season’s winning percentages, with a range of approximately $1.7 million to $4.8 million. Soler signed a nine-year, $30 million deal late Friday with the Cubs.
— Carrie Muskat