Wow:

Cuban left-hander Aroldis Chapman agreed to a five-year, $30 million deal with a National League team believed to be the Reds, Yahoo Sports reported on Sunday morning.

MLB.com has confirmed from a National League source that the team involved is believed to be the Reds.

The Reds’ interest in the 22-year-old with a fastball clocked as high as 100 mph was originally reported by FoxSports.com on Friday. The club was one of many to see Chapman work out on Dec. 15 in Houston.

But it still comes as a surprise if it’s the Reds who signed Chapman, as the Blue Jays, Red Sox, Yankees and Angels were believed to be the front-runners for Chapman’s services, according to recent reports.

“Surprise” is an understatement. If this turns out to be true, I will be a very happy Reds fan.

UPDATE: Chapman to Cincinnati appears to be confirmed. Five years, $30 million.

UPDATE 2:

UPDATE 3: John Fay has some contract information:

The deal with left-hander Aroldis Chapman is for $25 million over five years with a player option for a sixth. His salary for 2010 will be in $1 million range.

It’s a major league deal and it’s spread out over 10 years. The first year it will be a major burden on the big league budget is 2014.

If all that is true, my friends, this is a simply fantastic signing.