PEORIA, Ariz. -- The Cubs have reportedly signed Cuban pitcher Armando Rivero to a $3.1 million contract, according to Baseball America.
Rivero, 25, was a reliever in Cuba's Serie Nacional for Industriales, and was a teammate of left-hander Gerado Concepcion, who the Cubs signed last year. In his last season in Cuba in 2010-11, Rivero compiled a 3.06 ERA with 38 strikeouts and 21 walks over 47 innings. The right-hander pitched briefly at the FISU World University Championships in Japan in 2010.
His bonus money will be exempt from the Cubs' 2012-13 international bonus pool. Any Cuban signings are exempt if the player is at least 23 years old and has played in Serie Nacional for at least three seasons.
Last season, Concepcion, 20, pitched from April 25-June 28 for Class A Peoria, compiling a 2-6 record and 7.39 ERA in 12 starts.
The Cubs' biggest signing out of Cuba so far has been Jorge Soler, who agreed last June to a nine-year, $30 million contract. Soler, 20, participating in his first big league camp, was batting .250 98-for-32) with one home run and three RBIs in 16 Cactus League games. On Monday, he was assigned to Class A Daytona.