Baseball America's Jim Callis is reporting that the Chicago Cubs and high school RHP Paul Blackburn have agreed to a deal worth $911,700. Blackburn was the No. 56 overall selection in the 2012 MLB Draft.
#Cubs, supp 1st-rder Paul Blackburn agree on $911,700 (full value). Calif HS RHP, clean delivery, 90-94 FB, potential 3 + pitches. #mlbdraft
— Jim Callis (@jimcallisBA) June 15, 2012
Related: 2012 MLB Prospects: Keith Law Rates The Cubs Early Selections Highly
According to Baseball America's draft database, the Cubs have signed five of the players they selected in the first 10 rounds. They have not yet agreed to terms with their first two picks, Albert Almora and Pierce Johnson.
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.