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Cubs sign reliever Jose Veras to one-year pact

Dec 17, 2013, 6:23 PM EDT

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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.

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UPDATE, 6:43 p.m. ET: CBS Sports’ Jon Heyman says Veras will be the Cubs’ closer.

  1. jonrox - Dec 17, 2013 at 6:47 PM

    Still baffled by the Tigers declining the option on him, especially considering they gave up legitimate talent to get him and he was as good as predicted.

  2. stex52 - Dec 18, 2013 at 11:23 AM

    Hoped he would give the Astros another spin. They still have about 7 MM$ they are committed to spending. But I think they only offered him 3 MM$.

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