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As first reported by Joel Sherman of the New York Post, the Cubs have agreed to terms with the 20-year-old Cuban outfielder, signing him to a nine-year, $30-million deal that could be worth much, much more.

Could is the operative word, as according to ESPNChicago.com’s Bruce Levine, once Soler accumulates enough MLB service time to reach arbitration eligibility, he can go through the arbitration process to request a higher salary than what is guaranteed in his contract.

With the signing, the Cubs have now acquired two of the top three Cuban free agents from this off-season, as they also inked left-handed pitcher Gerardo Concepcion in March.

Several teams, reportedly including the Yankees and Dodgers, showed interest in and/or placed bids on Soler, who one NL executive said “has a chance to be an All-Star corner outfielder.''

He’s also likely to be the last high-priced international signing, as changes to the Collective Bargaining Agreement that take effect in July will limit the amount of money teams can spend on international free agents to $2.9 million.

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