It went down to the final minute of Monday’s Midnight deadline, but the Nationals finally agreed to terms with 2010 No. 1 overall pick Bryce Harper.

According to Tim Brown of Yahoo! Sports, the deal will pay the 17-year-old Harper $9.9 million guaranteed over five years, while $6.25 million of the guaranteed portion of his contract is his signing bonus. He’ll receive base salaries of $500,000 in 2011 and 2012, $750,000 in 2013, $900,000 in 2014 and $1 million in 2015.

The Nationals will reportedly move Harper to right field (his natural position is catcher) in order to put him on the fast track to the big leagues. The club loves his power potential and assuming he can move through the minor league ranks quickly, he might be able to make an impact in the major leagues in a couple of years.

Thanks to Harper and 2009 first round pick Stephen Strasburg, the Nats are loaded with young talent for the foreseeable future.