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Reliever Veras agrees to one-year contract with Cubs

The Canadian Press

12/27/2013 4:22:36 PM

CHICAGO -- The Chicago Cubs say they have agreed to a one-year contract with reliever Jose Veras that includes a club option for 2015.

The deal was announced on Friday.

Veras is due $3.85 million next season, and the Cubs have a $5.5 million option for 2014 with a $150,000 buyout. He can make an additional $750,000 annually in performance bonuses based on games finished.

Veras was 0-5 with a 3.02 ERA in 67 games last season for the Houston Astros and Detroit Tigers, who acquired him on July 29.

Detroit declined a $4 million option on Veras in November and opted to pay a $150,000 buyout.