Cubs announce Edwin Jackson deal

Updated: January 2, 2013, 8:03 PM ET

CHICAGO -- The Chicago Cubs announced the signing of pitcher Edwin Jackson to a four-year contract and introduced him at a news conference on Wednesday.

On Dec. 20, a source told ESPN that the deal is for $52 million. The deal includes an $8 million signing bonus with annual salaries of $11 million per year, according to a Cubs source.

"You look at the (Cubs) on paper, and there's a lot of potential there," Jackson said. "I've been on a lot of teams that you look ...

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