Yes, Florida State receiver Taiwan Easterling has signed a baseball contract with the Chicago Cubs.
No, there is no official confirmation from Florida State that he will not be playing football this fall, though that has already been reported by several media outlets.
Jimbo Fisher is on vacation and unavailable for comment. Easterling is one class away from graduating and in good standing with Fisher. It's not like ACC football players haven't doubled up with baseball before (See: Russell Wilson, Kyle Parker). IF Florida State confirms that Easterling won't play football, I'll let you know, but until then, I'm not assuming anything.