Cubs sign Cuban left-hander Gerardo Concepcion

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From reporter Jorge Ebro of Miami’s El Nuevo Herald comes word that Cuban left-hander Gerardo Concepcion agreed to a “multimillion dollar” contract on Thursday evening with the Chicago Cubs.

Concepcion was named the Rookie of the Year in Cuba’s Serie Nacional for 2010-2011 after posting a solid 10-3 record, 3.36 ERA and 53/43 K/BB ratio across 101 2/3 innings of work. The 18-year-old southpaw defected in June to Mexico and officially become a major league free agent in mid-January.

Concepcion also drew interest from the Yankees, Phillies, Royals, Marlins, Giants, Blue Jays and Red Sox this offseason. But the aggressively-rebuilding Cubs were able to outbid the competition.

He’s likely to open the 2012 season at a low level of Single-A. Or maybe it’ll be rookie ball.

UPDATE, 8:12 PM: Enrique Rojas of ESPN Deportes says Concepcion’s deal is worth $7 million.

Report: Glen Perkins will retire from baseball

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According to MLB.com’s Rhett Bollinger, Twins GM Thad Levine told 1390 Granite City Sports that reliever Glen Perkins will retire.

Perkins, 34, has battled shoulder injuries over the last two years, limiting him to a total of 7 2/3 innings between 2016-17. His decision doesn’t come as much of a surprise given the circumstances. The Twins declined his $6.5 million club option back in October, making him a free agent.

Across parts of 12 seasons, all with the Twins, Perkins compiled a 3.88 ERA with 120 saves and a 504/158 K/BB ratio in 624 1/3 innings. He ranked among baseball’s best closers from 2013-15, racking up 102 of those saves with a 3.08 ERA. The lefty made the American League All-Star team in each of those three seasons.