Dec 11, 2006 1:07 PM EST

According to ESPN Deportes, the New York Yankees signed Cuban prospect Juan Miranda to a four-year contract worth $2 million.

The deal, which includes a signing bonus of $500,000, is a major league contract and requires the Yankees to place the outfielder-first baseman on their 40-man roster.

The signing was confirmed by a Yankees official who spoke on the condition of anonymity.

"In Cuba I grew up dreaming of playing in the big leagues, but I never thought it would be possible, much less with the Yankees," the 23-year-old Miranda said.

Via ESPN