The Chicago Cubs reportedly have a new outfielder.

For a whopping $30 million, the Cubs beat the Yankees to win the grand prize: a contract with Cuban ballplayer Jorge Soler, MLB.com reported Monday.

Soler, a Cuban outfielder whose .304 average, .500 on-base percentage and .522 slugging percentage helped his team during the 2011 World Junior Championship, defected from Cuba in 2011. He then became a free agent on June 2.

Though the Yanks, Braves, and Dodgers also bidded for Soler, he ended up going with the Cubs most aggressive nine-year, $30 million offer.

The Yanks likely offered less in an effort to stay on target with the $189 million they've alloted for payroll this year, said the New York Post, which first reported news of the deal.

Cubs GM Theo Epstein has spent months pursuing 20-year-old Soler, who many are saying could potentially be a five-tool player due to his impressive percentages and record in the outfield.

Soler will first join the minor leagues to spend some time developing his game, CSN Chicago added.