CHICAGO -- The Cubs announced Friday that second-round selection Duane Underwood is now signed, meaning that all of their top 20 selections are now under contract.
The right-handed pitcher actually agreed to his deal last week and it became official Friday after the results from his physical exam were complete.
Baseball America reported that Underwood signed for $1.05 million. The value of the No. 67 spot where he was selected was $769,600, but Underwood had a commitment to attend the University of Georgia.
Underwood has a fastball that can reach above 95 mph at times with a solid curveball.
The deadline for signing drafted players is 4 p.m. CST on Friday. The Cubs are not expected to sign anybody else from their 2012 draft class. The highest selection that has not signed is 19th-round pick Damek Tomscha, an infielder from Iowa Western Community College.
The Underwood signing means the Cubs have come to terms with 29 of their 42 selections. First-round selection Albert Almora, a high school outfielder from Florida, came to an agreement on a $3.9 million deal earlier this week.