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Peguero's contract was selected by the Pirates on Friday.

Peguero performed well at High-A Greensboro in 2021 and slashed .269/.331/.443 with 14 homers, 67 runs, 45 RBI and 28 stolen bases across 90 games. He'll likely require at least one more season in the minors before he joins the conversation for the major-league roster, but he'll be shielded from the upcoming Rule 5 draft.

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