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6/25/2014 3:38 P.M. ET

Cubs ink catcher Zagunis, their third-round pick

CHICAGO -- The Cubs signed third-round selection Mark Zagunis, a catcher out of Virginia Tech University, on Wednesday.

Chicago has signed 21 of its first 22 picks in the First-Year Player Draft, as well as 25 selections overall. The only player whom the Cubs picked in the first 10 rounds of the Draft who has not signed is Georgia high school pitcher Dylan Cease, who was selected in the sixth round.

The deal was originally reported by MLB.com's Jim Callis, who said it was worth $615,000, which is under the $714,900 pick value. The club did not disclose terms.

Zagunis, 21, batted .330 with 10 doubles, two triples, two home runs and 39 RBIs in 53 games for Virginia Tech in his junior season this year. He walked 32 times and compiled a .426 on-base percentage. Zagunis also stole 16 bases. He was named All-ACC Second Team for the second time in his career, and he was a 2014 Johnny Bench Award semifinalist.

Zagunis posted a .338 batting average in three seasons at Virginia Tech. With 52 career stolen bases, he is the second Hokie to record at least 50 stolen bases since the school joined the ACC.

Carrie Muskat is a reporter for MLB.com. She writes a blog, Muskat Ramblings, and you can follow her on Twitter @CarrieMuskat. This story was not subject to the approval of Major League Baseball or its clubs.