The Chicago Cubs and 20-year-old Cuban pitcher Gerardo Concepcion have officially agreed to a five-year contract, as the team announced on Sunday. The two sides had previously come to an agreement, but the deal wasn't made official by MLB until the announcement. According to Paul Sullivan of the Chicago Tribune , Concepcion will receive $6 million over the course of the contract. While the …

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The history of the Chicago Cubs dates back to 1876, when the team was known as the Chicago White Stockings and finished the season first in the National League at 52-14. The team was later known as the Chicago Colts and the Chicago Orphans, before finally becoming the Cubs in 1903.

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