Cubs sign Juan Carlos Paniagua for $1.5M Juan Carlos Paniagua, RHP, 22, Dominican Republic: Don't quote me on his age because Paniagua has already had a couple of contracts voided, one with the Diamondbacks, when he was known as Juan Collado and actually pitched in 2009 in the DSL as a reliever, posting a 4.66 ERA. The Yankees then signed him last year for $1.1M and his contract was voided again. So what's to like about Paniagua then? Well, he throws mid 90s consistently and can touch the upper 90s. Some like his change but there are questions about his breaking stuff and feel for pitching. He won't be eligible again until July 19th. The Cubs have now spent 2.2 million dollars on two players, IF Frandy de la Rosa and Paniagua. They are allotted $2.9M, giving them 700K left to spend on an additional player or players. However, I was informed by Jim Callis of Baseball America that the Cubs can spend up to 50K on 6 additional players and an unlimited amount for under $7500. The rules only apply, as I understand it, to players under the age of 23, so the Cubs could go after another Cuban, RHP Armando Rivero. --

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