The Chicago Cubs and reliever Jose Veras have agreed to a one-year, $4 million contract on Tuesday, according to reports. The contract includes an option for the 2015 season. It's very likely that Veras becomes the Cubs closer during the contract.
The 33-year-old went 0-5 with a 3.02 ERA and a 1.06 WHIP (137 ERA+) in 67 games while splitting time between the Houston Astros and Detroit Tigers. He recorded 21 saves in 25 opportunities. Over Veras' career, the righty has posted a 3.84 ERA and a 1.31 WHIP (109 ERA+) in 394 games (377 innings) over his eight year career.
It seems like the Cubs plan on utilizing Veras as closer in 2014. After a strong 2013 campaign, it's very possible that Veras has turned a corner and could be dominant in the late innings. With a low-risk, high-reward type of deal, the Cubs have very little to lose if Veras doesn't turn out.