BREAKING: Cubs On The Verge Of Signing Scott Feldman (Updated)

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Buster Olney is reporting this morning that the Cubs are on the cusp of signing RHP Scott Feldman.

The 6’6″ righty spent his entire career in Texas with a 5.09 ERA, a 1.383 WHIP, and an 89 ERA+ in 123.2 total innings pitched in 2012.

October 1, 2012; Oakland, CA, USA; Texas Rangers relief pitcher

Scott Feldman

(39) delivers a pitch during the fifth inning against the Oakland Athletics at O.co Coliseum. Mandatory Credit: Kyle Terada-US PRESSWIRE

Feldman would act as bottom end starter for the Cubs, possibly as a failsafe for Scott Baker and Travis Wood should they not be up to par. Feldman’s experience in the bigs as a contact pitcher would compliment the rest of the rotation.

Expect a lower end deal. More to come as news breaks.

UPDATE: The signing is now official. A one year/$6 million deal with an additional $1 million in incentives has been inked. In depth analysis to come later today.