From MLB.com's Jim Callis, we learn of a quick signing of the Cubs' first-round pick this year, Ian Happ, just one week after he was selected:
Based on that tweet, it appears Happ signed for slightly under slot, and the Cubs can use the $351,000 savings for other choices.
Happ is mostly an outfielder, but did play some second base at the University of Cincinnati. This MLB Trade Rumors article suggests that he might wind up in the infield:
There’s some debate as to whether Happ’s eventual home will be in the outfield grass or on the infield dirt, which likely contributed to the slight gap in the listed rankings. [Keith] Law calls second base Happ’s likely position, and McDaniel, too, notes that he has the potential to play there. The MLB.com and BA scouting reports note that a corner outfield spot — likely left, due to lack of arm strength — is a likelier outcome, so it’s not a surprise to see him rank a bit further down those lists.
I would imagine Happ will head to the Cubs' complex in Mesa and perhaps play a few games with the rookie-league complex team. The Arizona Rookie League schedule begins next Saturday. He could then move up to Eugene in the Northwest League, or perhaps even to South Bend.
The cows were apparently not included in the signing.