Cubs ink Japanese reliever Kyuji Fujikawa to two-year, $9.5 million deal

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UPDATE: Rosenthal reports that Fujikawa is guaranteed $9.5 million as part of his deal with the Cubs. That’s a pretty nice chunk of change for a rebuilding team to give to a closer, especially one who has never pitched in the United States, but the Cubs are obviously confident he can make an impact in the late innings.

Fujikama will receive a $1 million signing bonus and salaries of $4 million for 2013 and 2014. The vesting option for 2015 is worth $5.5 million and could increase to $6 million based on games finished. If the option doesn’t vest, the Cubs hold a $5.5 million club option that can be bought out for $500,000.

4:50 PM: We heard last night that the Angels were considered the front-runners to land Japanese reliever Kyuji Fujikawa. But it turns out he’ll be headed elsewhere.

According to FOX Sports’ Ken Rosenthal, the Cubs have an agreement in place with Fujikawa. No word yet on the terms involved, but Rosenthal hears that the 32-year-old right-hander will get a two-year deal with a vesting option for a third.

Fujikawa is coming off a dominant run in Japan in which he posted a 1.36 ERA and 202 saves over the past six seasons with the Hanshin Tigers. Armed with a low-90s fastball, a slider and a forkball, he had a 1.32 ERA and 58/15 K/BB ratio over 47 2/3 innings this past season.

Rosenthal notes that Fujikawa will likely be used as the Cubs’ closer, so Carlos Marmol figures to be on the trade block in the coming days and weeks. The 30-year-old right-hander is owed $9.8 million next season and is due to hit free agency next offseason. He was nearly traded to the Angels last month for Dan Haren, but the deal reportedly fell apart due to concerns over Haren’s medicals.

Padres to place Franchy Cordero on DL, activate Hunter Renfroe

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Kevin Acee of the San Diego Union-Tribune reports that the Padres will place outfielder Franchy Cordero on the 10-day disabled list and activate outfielder Hunter Renfroe from the DL on Monday.

Cordero, 23, has been slumping, batting .140 with four extra-base hits in 47 plate appearances dating back to May 11. The Padres noticed that the forearm issue has been affecting his swing in recent games. Manager Andy Green said, “It was something where he could swing a certain way to manage it. But swinging that way was not him.”

Renfroe, 26, has been out since mid-April due to inflammation in his right elbow. He hit .200/.281/.440 in 57 PA prior to landing on the disabled list. Renfroe played in 10 rehab games with Triple-A El Paso.