Of that, $48 million is guaranteed, with an $11 million option for 2019.
Gonzalez is expected to get a few starts in the Minor Leagues but is close to Major League-ready and could join the team by the end of the season.
Several teams, including the Blue Jays, Braves, Cubs, Dodgers, Marlins, Rangers, Red Sox, Twins and Yankees, expressed serious interest in the right-hander, and almost every club had representatives at his two showcases last month in Tijuana, Mexico. Scouts have been watching him throw bullpen sessions in Mexico since April.
Because he is at least 23 years old and has played at least three seasons in a Cuban professional league, Gonzalez was not subject to the new international signing guidelines established by the Collective Bargaining Agreement.
It has already been quite a journey for the 26-year-old.
Gonzalez fled Cuba earlier this year, landed in El Salvador and worked out for a month in Mexico City before making his way to Tijuana. He had been throwing full bullpen sessions in front of scouts twice each week for the past few months and took the mound for the Tijuana Toros twice.
Representatives for the 6-foot-3 Gonzalez submitted paperwork to the United States Department of the Treasury for the purposes of unblocking him in February and began petitioning MLB for free agency a month later. Gonzalez filed a copy of his residency card from Mexico -- the final step to becoming a free agent -- to the Commissioner's Office at the end of May and was cleared by the U.S. government to enter into an agreement with a Major League club July 15.
The hard-throwing right-hander has a fastball in the mid-90s, a changeup, forkball and curveball. He made a splash on the international scene at the 2010 University Baseball Championships in Tokyo, and he also shined at the Baseball World Cup in '09 and '11. He was suspended from Cuba's national team for most of the past two seasons for trying to leave the island.
He threw his fastball in the mid-90s during his two showcases in Tijuana and touched 97 mph.
Jesse Sanchez is a national reporter for MLB.com. Follow him on Twitter @JesseSanchezMLB This story was not subject to the approval of Major League Baseball or its clubs.