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Cubs sign No. 4 overall draft pick, C Schwarber

AP - Sports

PITTSBURGH (AP) -- The Chicago Cubs have signed Indiana catcher/outfielder Kyle Schwarber, their first-round draft pick and the No. 4 overall selection.

Schwarber is one of three finalists for the 2014 Johnny Bench Award as the nation's top Division I catcher. He hit .358 (83 for 232) with 14 home runs (tied for seventh in the nation) and 48 RBIs.

The 21-year-old batted .341 with 40 home runs and 149 RBIs in 180 games in three seasons at Indiana.

The Cubs announced the move Wednesday before their game against the Pirates. Schwarber will report to the organization's short-season Class-A affiliate in Boise, Idaho.

The Cubs' official website reported the contract is worth $3.125 million, well under the $4.6 million slot Major League Baseball set for the selection.

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