Perez, 28, posted a 4.33 ERA with 9.0 K/9 and 3.5 BB/9 for the Indians last season. He spent parts of four seasons as Cleveland's closer, but he lost that job late in the 2013 season after he struggled in August and September. The Indians released him in late October rather than paying him the projected $9MM he would have made through the arbitration process.
In Los Angeles, Perez likely won't have to close, or even necessarily to pitch particularly high-leverage innings. Kenley Jansen looks set to continue to be the Dodgers' closer, and righties Brian Wilson and Chris Withrow will likely be ahead of Perez on the depth chart.