There's also an agreement for $600,000 with right-handed pitcher Yunior Perez of the Dominican Republic, according to industry sources. Chicago has also been linked to Venezuelan pitcher Anderson Amarista, ranked No. 20.
The club did not confirm the agreements.
In accordance with the Collective Bargaining Agreement, each team is allotted a $700,000 base and a bonus pool with four slot values based on the team's record in 2014 for the international signing period, which started Thursday. Chicago's overall pool total for this year's signing period is $3,230,700.
On Friday, the Cubs acquired pitcher Manny Rondon and an additional $149,700 in pool money from Angels (the value of Angels' slot No. 120), in exchange for catcher Rafael Lopez.
Teams that exceed the pools by 0 to 5 percent have to pay a 100 percent tax, and teams that exceed the pools by 5 to 10 percent are not allowed to sign a player for more than $500,000 during the next signing period, and also have to pay a 100 percent tax on the pool overage. Teams that exceed the pools by 10 to 15 percent are not allowed to sign a player for more than $300,000 during the next signing period and have to pay a 100 percent tax on the pool overage.
In the most severe penalty, teams that exceed the pool by 15 percent or more are not allowed to sign a player for more than $300,000 during the next two signing periods, in addition to paying a 100 percent tax on the pool overage.
The Cubs could not sign a player for more than $250,000 during the last international signing period as a penalty for exceeding their bonus pool during the 2012-2013 period.
As for Perlaza, he might not be as "toolsy" as other players in this year's class, but scouts like the infielder's bat and consider him one of the better hitters on the market. He's been praised for his swing. Some scouts believe that he could hit a few home runs and drive the ball into the gaps on a consistent basis in the future. He's a decent defender and could end up at second base.
The 6-foot-3, 205-pound Estiwal is a tall and lanky left-handed hitter and thrower with some raw power. He is often compared to a young Darryl Strawberry because of his swing. Scouts love how he plays.