The Chicago Cubs officially announced on Friday that they signed Duane Underwood, their second-round pick (No. 67 overall) from the 2012 MLB Draft, to a major league contract and that he will report to the team's complex in Mesa. Although the Cubs did not disclose the terms of the deal, Jim Callis of Baseball America reported last week that the contract includes a $1.05 million signing bonus, which is over the recommended slot value of $769,600. The right-handed pitching prospect has a fastball that touches the upper-90s and a developing 12-to-6 curveball.
#Cubs have signed their @MLBDraft second round selection (67th overall pick) RHP Duane Underwood, who will report to Mesa.
— Chicago Cubs (@Cubs) July 13, 2012
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