The Orioles officially announced today, via press release, that they have reached a Major League deal with outfielder Francisco Peguero. Peguero, who is represented by Dan Rosquete and Elliott Vallin of Boston Sports Counsel, will earn $550K next season with Baltimore, tweets Roch Kubatko of MASNsports.com.

Peguero, 25, was non-tendered by the Giants earlier in the week. He's batted .200/.217/.289 in a pair of brief Major League stints (46 plate appearances) but has fared better in the minor leagues. Peguero is a career .288/.318/.399 hitter in 764 plate appearances at the Triple-A level, though those numbers are likely dampened a bit by a knee injury that required arthroscopic surgery.

Rosquete and Vallin did a nice job securing a Major League deal for their client given his scant MLB experience. The Orioles have been aggressive in securing players of this nature, having also given MLB deals to Kelvin De La Cruz and Edgmer Escalona. Indeed, Baltimore could be a nice landing spot for Peguero. As Kubatko reports, executive vice president Dan Duquette said that Peguero has big league talent. "He just needs an opportunity," said Duquette. "I'm glad we could add him to the organization."

Prior to the 2013 season, Baseball America ranked Peguero eighth among Giants prospects, noting that he had perhaps the best combination of power and speed in the Giants' system. BA called Peguero a "hyper-aggressive" hitter, likening his approach to that of his now-former teammate, Pablo Sandoval. BA also noted that he has the tools to profile as a regular in the Majors if he can improve his recognition of the strike zone.

Kubatko first reported the signing via Twitter, while Chris Cotillo of MLB Daily Dish first connected the two sides earlier in the week (Twitter link).