The Cubs and Duane Underwood have agreed on a $1.05 million bonus, pending a physical on Monday. That's the third-highest bonus in the second round this year, trailing only Carson Kelly ($1.6 million, Cardinals) and Joe DeCarlo ($1.3 million, Mariners).

A righthander from Pope HS in Marietta, Ga., Underwood was inconsistent this spring but lights out at his best. At times, his fastball sits at 91-94 mph and tops out at 98, and he also shows aptitude for spinning a curveball. One of the youngest players in the 2012 draft—he doesn't turn 18 until July 20—he had committed to Georgia.

Though Underwood's bonus exceeds the $769,600 assigned value for his No. 67 slot, the Cubs are still $276,200 under budget for their signings in the top 10 rounds. Their only unsigned player in that range is No. 6 overall choice Albert Almora, whom Chicago can pay up to $3,922,895 without forfeiting a future first-round selection.

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