Now that Cuban outfielder Julio Pablo Martinez is officially able to sign, he’s meeting with the Rangers today to hammer out a deal, according to Ben Badler of Baseball America. It is believed that the sides will agree to a $2.8MM bonus.

Texas has been seen as the favorite to land Martinez for the past several weeks. Indeed, the Rangers have struck two trades — see here and here — to max out their possible international bonus pool assets. Having already spent a good bit of money over the past year or so, the Rangers have $2.8MM left and are expected to spend it all on Martinez.

While the Yankees and Marlins were also reportedly in pursuit of Martinez, all indications at this point are that he’s zeroed in on the Rangers. For Texas, the move will bring a high-quality prospect into the organization who may not be far from seeing the majors. Badler says that Martinez will jump right into BA’s top 100 prospects list. The 21-year-old is a left-handed hitter who is said to possess good power and speed.