As Jed Hoyer works to formulate a roster for the next great Cubs team, his front office rolled the dice on a potential bounceback candidate in free agency.

The team announced Wednesday evening it has reached a one-year deal with outfielder Clint Frazier. The 27-year-old was released by the New York Yankees last week after parts of five years in the big leagues.

Frazier was the 5th overall pick in the 2013 MLB Draft by Cleveland and was traded to New York as part of the package to acquire relief ace Andrew Miller, who played a major role for the Indians down the stretch in 2016.

The right-handed-hitting outfielder was widely regarded as one of the game’s top prospects, ranking as high as No. 16 overall on Baseball Prospectus’ list prior to 2017.

Frazier hit .186 with a .633 OPS in 66 games in 2021 and has a career slash line of .239/.327/.434 (.761 OPS). He missed the entire second half of the 2021 campaign with dizziness and vision issues.

From 2019-20, he hit .267 with an .844 OPS and 20 homers in 406 plate appearances across 108 games.

Frazier can play both corner outfield spots and will be competing with Ian Happ, Jason Heyward and Rafael Ortega for playing time in the Cubs lineup. His ability to hit right handed should carve out an easy role in a platoon and his prospect pedigree and age make him a worthwhile risk to see if a breakout is in order.