Cubs sign No. 4 overall draft pick, C Schwarber
Schwarber is one of three finalists for the 2014 Johnny Bench Award as the nation's top Division I catcher. He hit .358 with 14 home runs and 48 RBIs.
The 21-year-old batted .341 with 40 home runs and 149 RBIs in 180 games in three seasons at Indiana.
The Cubs announced the move Wednesday before their game against the Pirates. Schwarber will report to the organization's short-season Class-A affiliate in Boise, Idaho.
The Cubs' official website reported the contract is worth $3.125 million, well under the $4.6 million slot Major League Baseball set for the selection.
See other LocalSports news:Jr Legion Opens 5th Division This Weekend
12u Wildcats Fall In Sectional Opener
10u Wildcats Prepare For State Tournament
Albuquerque's Holly Holm set to return in UFC Chicago
Cardinals rally for 6-5 win over Padres