Astros Sign Jose Veras

4:10pm: The Astros plan to give Veras the chance to close, Ken Rosenthal of FOX Sports reports. The right-hander’s contract includes significant incentives based on games finished that could increase his $1.85MM salary by $500K. Depending on Veras’ games finished total next year, the value of the 2014 option could increase to the $4-5.5MM range, Rosenthal reports.

1:17pm: The Astros announced that they have signed right-handed reliever Jose Veras to a one-year contract. The deal is worth $2MM, according to Enrique Rojas of ESPNDeportes, who first reported the agreement (on Twitter). The deal includes a 2013 salary of $1.85MM and a 2014 option worth $3.25MM with a $150K buyout. Praver/Shapiro represents Veras.

Veras, 32, elected to become a free agent last month after the Brewers outrighted him off of their 40-man roster. The move amounted to an early non-tender for Veras, who had a projected salary of $2.6MM.

In 72 appearances for Milwaukee in 2012, Veras posted a 3.63 ERA with 10.6 K/9, 5.4 BB/9 and a 43.8% ground ball rate in 67 innings. The seven-year veteran has a career ERA of 4.01 with 9.4 K/9, 4.9 BB/9 and a 39.4% ground ball rate. He averaged 93.8 mph with his fastball this past season, generating swings and misses 9% of the time.