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Cubs Sign Pierce Johnson, No. 43 Pick In 2012 MLB Draft

The Chicago Cubs have signed first-round supplemental draft pick Pierce Johnson, and the No. 43 pick happily announced the news via Twitter on Monday night. The right-handed pitching prospect could have been a first round pick, according to ESPN's Keith Law, but a forearm strain in the spring and some delivery issues held him back. In Law's own words: "the stuff and results are first-round worthy, with No. 2 starter ceiling if he holds up."

As for the signing bonus figure, Kendall Rogers of Perfect Game USA says the Cubs inked Johnson for "close to or right at slot." For reference, MLB recommended a slot signing bonus of $1.196 million for the No. 43 overall pick.

For updates, stay tuned to SB Nation Chicago. For more in-depth coverage, head over to Cubs blog Bleed Cubbie Blue. For more comprehensive MLB prospect and draft coverage, visit Minor League Ball. And for more news and notes from around the league, check out Baseball Nation.