Dec 17, 2013, 6:23 PM EDT
As first reported by Enrique Rojas of ESPN Deportes, the Cubs have reached agreement on a one-year, $4 million contract with right-handed reliever Jose Veras. The deal also carries a $5.5 million club option for the 2015 season along with some undisclosed performance-based incentives.
Veras drew interest on the open market from the Astros and Rockies before settling Tuesday with Chicago. He will serve primarily as a setup man in 2014 behind Cubs closer Pedro Strop but could eventually get save opportunities if Strop struggles.
The Tigers declined a $3.25 million club option on Veras at the end of the 2013 season — a controversial decision after he posted a steady 3.02 ERA, 1.07 WHIP and 60/22 K/BB ratio across 62 2/3 total frames.
UPDATE, 6:43 p.m. ET: CBS Sports’ Jon Heyman says Veras will be the Cubs’ closer.
- Cliff Lee placed on DL with recurrence of flexor pronator strain 13
- Winners and losers at the trade deadline 17
- 2014 Trade Deadline Tracker 48
- ACES GALORE: The Rays trade David Price to the Tigers 134
- Red Sox trade John Lackey to Cardinals for Allen Craig and Joe Kelly 88
- The Lester trade is a win-win 112
- Jon Lester, Jonny Gomes heading to Oakland for Yoenis Cespedes 165
- The State of the Trade Deadline: Yesterday was pretty sleepy. Will general managers wake up today? 40
- “Caucasians” t-shirts are hot sellers on Canadian Indian reservations (199)
- Jon Lester, Jonny Gomes heading to Oakland for Yoenis Cespedes (165)
- ACES GALORE: The Rays trade David Price to the Tigers (136)
- Rangers’ retirement gifts for Derek Jeter: Yankees cowboy boots, signed George W. Bush photo (126)
- The Lester trade is a win-win (112)