Cubs Sign Jose Veras

The Cubs caught lightning in a bottle with a revitalized Kevin Gregg for much of the 2013 season, but they'll have a more consistent option in place next season in the form of Jose Veras. Chicago officially announced the signing of Veras to a one-year deal with a club option for the 2015 season today. The Praver/Shapiro client will reportedly earn $3.85MM and has a $150K buyout on a $5.5MM option, making a total guarantee of $4MM. Veras, who will serve as Chicago's closer, can also earn $750K worth of incentives based on games finished.

Veras

The 33-year-old posted a 3.02 ERA with 8.6 K/9 and 3.2 BB/9 with a 41.8 percent ground-ball rate in 62 2/3 innings between the Astros and Tigers, collecting a career-high 21 saves along the way.  The right-hander drew interest from multiple clubs this offseason including the Rockies and Astros.

Veras spent the first four months of the season as Houston's closer before being shipped to the Tigers in July for outfield prospect Danry Vasquez and a player to be named later who turned out to be right-hander David Paulino.  Detroit turned down a $4MM option on the veteran, but he would up getting the same guaranteed money out of the Cubs, plus a $150K buyout from Detroit, $750K of incentives from Chicago and a chance at a healthy raise in 2015.

Though Gregg served as Chicago's closer for much of the season, the team relied on a number of late-inning options that did not fare well. Carlos Marmol struggled once again, Shawn Camp was unable to replicate his 2012 magic and found himself released and Japanese acquisition Kyuji Fujikawa wound up requiring Tommy John surgery after just 12 innings with the Cubs. Veras will join Pedro Strop, James Russell, Blake Parker, Wesley Wright and presumably Carlos Villanueva in the Cubs' bullpen. Other internal options include Arodys VizcainoHector Rondon, Brooks Raley and Justin Grimm. Fujikawa should return at some point this season as well.

The Astros were said to be pushing hard to get Veras back in the organization and the fondness seemed mutual.  "It feels like family there," Veras said of Houston.  "It’s a young team and they’re hungry to win. I feel part of the team. I doesn’t mater to me if we won or lose. When you play as a team and everybody cares, that’s the best part for me."  Alas, Veras will be moving on to a new club, his eighth team in the past six seasons.

Enrique Rojas of ESPNDeportes.com first reported the $4MM guarantee and the $5.5MM club option (via Twitter). Jon Heyman of CBSSports.com reported Veras' exact 2014 salary, the additional incentives and his 2015 buyout. Heyman also reported that Veras will serve as Chicago's closer (All Twitter links).

Steve Adams contributed to this post. Photo courtesy of USA Today Sports Images.


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80 Comments on "Cubs Sign Jose Veras"


Member
Shane Flannagan
1 year 6 months ago

Hey, My Cubs finally made a pretty good signing for once this winter. Not going to do anything close to putting us into contention of course but still good signing. Bullpen is starting to look at least halfway decent.

Member
TheoHoyer
1 year 6 months ago

Signing Wesley Wright wasn’t a good signing?

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BeisbolJunkie
1 year 6 months ago

It was a great signing in my opinion. But lefty relievers never get the recognition they deserve.

Not only will Wesley be reunited with Edwin Jackson, but Jose Veras as well. Maybe “the family” Jose was referring to in that article was actually “The Regulators”.In the bullpen and he chose to settle for Wesley alone instead of the whole fam.

Member
Shane Flannagan
1 year 6 months ago

No it was a pretty good signing. Veras just a better one to make a bigger impact.

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letsgogiants
1 year 6 months ago

Solid deal for the Cubs. I’m surprised Veras couldn’t get even a 2 year deal. But he should be a good trade chip for the Cubs if they fall out of the race once again.

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Shane Flannagan
1 year 6 months ago

Yep, all about just gaining another good trade chip. 2015 year as always been the year they take off (hopefully) so getting another trade chip this year is good. I expect Cubs to sign someone like Jason Hammel as well to be this years Scott Feldman

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John Kreese
1 year 6 months ago

Surprised as well. He must have settled for team where he chance to close, build up stats then get traded at the deadline or hit the market again next year.

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AdamAE24
1 year 6 months ago

I wish I could cross out the if in your statement and replace it with “when”

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letsgogiants
1 year 6 months ago

I had a feeling someone would say something along these lines. In baseball, you just never know what can happen. Look at the 2012 A’s: In the offseason of 2011-12 they traded the likes of Cahill, Gonzalez, and Bailey for unproven talent. After those moves, many predicted that the A’s would be the worst team in baseball and would be lucky to win 70. Yet that following season they won 94 games and topped the high spending Angels and Rangers. I’m not saying the Cubs have a legitimate shot at winning the NL Central this season, but then again who knows. The Pirates were up there with the likes of the Cardinals and Reds all season long, and they weren’t expected to do so. Baseball can be a funny sport at times.

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AdamAE24
1 year 6 months ago

Yea but the offense is so bad. OF of Ruggiano, Lake and Schierholtz, IF of Murphy/Valbuena, Castro, Barney and Rizzo with Castillo behind the plate. None of their young offensive talent is ready to make an impact in 2014.

Not to mention you’ve got the Cardinals, Reds and Pirates in the division.

Cubs willl undoubtedly be sellers. I would love them to grab Tanaka though.

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letsgogiants
1 year 6 months ago

If Castro can turn it around and be the All Star he once was and Rizzo continues to develop into a good hitter at the major league level, that’s two good, young hitters that many teams wished they had. Lake is an intriguing name that really could go either way in terms of production, but the talent is there. Valbuena is a guy who if he can make more contact and get some more hits, then he’s going to have a very high OBP. And guys like Schierholtz and Castillo are not bad at the plate.

That’s a lot of ifs, definitely. And as I said, it’s highly unlikely the Cubs win in 2014. But who knows: Maybe everything goes right for the Cubs and their luck turns around.

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GetTheRunnerOver
1 year 6 months ago

Benoit to Yankees please!

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Broconnor16
1 year 6 months ago

They will sign either him or Rodney, though I prefer Benoit

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BeisbolJunkie
1 year 6 months ago

Ewww Rodney sans beard?
No.
I bet they end up signing K-Rod.

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bdiddy7
1 year 6 months ago

That’s actually a very good, very reasonable deal. Veras had a great year last year; very surprised all he managed was a 1yr/4MM deal.

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Shane Flannagan
1 year 6 months ago

Finally a good signing for my Cubs

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Shane Flannagan
1 year 6 months ago

It doesn’t put us over the top to contend of course, but it makes our bullpen way better from last year which the bullpen was just embarrassing (Thanks Marmol) and if we are out of time July comes, it gives us a good trade chip

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TheoHoyer
1 year 6 months ago

Did you respond to your own comment?

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Matt Mccarron
1 year 6 months ago

i think he was just making himself clear.

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Shane Flannagan
1 year 6 months ago

Yes I was, plus some reason they won’t let me post my comments for some odd reason