In a deal that was reported earlier this month, the Chicago Cubs announced on Friday that they have signed relief pitcher Jose Veras. He is 33 and coming off a season in which he split his time between the Houston Astros and the Detroit Tigers.
Colleen Kane of the Chicago Tribune lays out the terms of the deal:
The team didn’t disclose the terms of the deal, but a major league source told the Tribune last week that the deal was for $3.85 million, with a $150,000 buyout clause. There is a $5.5 million option for 2015 and an opportunity to earn player bonuses.
In 42 games for the Astros, Veras had 19 saves. Even though they spent much of their season struggling to fill their closer’s role (including a stint with the one and only Jose Valverde), the Tigers used Veras almost exclusively as a set-up man (just two saves in 25 games).
Depending on how things go for Veras and for the Cubs in the first few months of the season, he might very well become a deadline trade target again. To start the season, the Cubs have a versatile reliever for the back of their bullpen. Later on, he might become an asset for Theo Epstein to use to continue to build the team’s system. All in all, there are multiple outcomes that will make this a quality signing.