The worst kept secret in the universe is no longer a secret: the Chicago Cubs are set to sign former Texas Rangers hitting coach Rudy Jaramillo to a there year deal.

The Cubs will announce Wednesday that former Texas Rangers hitting instructor Rudy Jaramillo has signed a three-year, $2.42 million contract to become Chicago’s next hitting coach, player sources told on Tuesday. ESPN Chicago.

Thus, the speculated $800k per year figure looks to be correct. It’s a lot of money to give a guy who won’t step on the field, and the three year commitment could cause a minor issue when the Cubs set out to find a managerial replacement for Lou Piniella after next season. It will be interesting to learn whether Jaramillo’s deal has a buyout after this year should the Cubs pursue a manager who wants to bring his own hitting coach.