As first reported by Enrique Rojas of ESPN Deportes, the Cubs have reached agreement on a one-year, $4 million contract with right-handed reliever Jose Veras. The deal also carries a $5.5 million club option for the 2015 season along with some undisclosed performance-based incentives.
Veras drew interest on the open market from the Astros and Rockies before settling Tuesday with Chicago. He will serve primarily as a setup man in 2014 behind Cubs closer Pedro Strop but could eventually get save opportunities if Strop struggles.
The Tigers declined a $3.25 million club option on Veras at the end of the 2013 season — a controversial decision after he posted a steady 3.02 ERA, 1.07 WHIP and 60/22 K/BB ratio across 62 2/3 total frames.
UPDATE, 6:43 p.m. ET: CBS Sports’ Jon Heyman says Veras will be the Cubs’ closer.
The Tigers announced on Monday that pitcher Anibal Sanchez has accepted an optional assignment to Triple-A Toledo. Pitcher Warwick Saupold was recalled from Toledo to take Sanchez’s roster spot.
Sanchez, 33, continued to struggle this season pitching out of the bullpen. He gave up 26 runs (21 earned) on 34 hits and nine walks with 22 strikeouts in 21 innings. Nine of those 34 hits were home runs. Sanchez finished the 2015 season with a 4.99 ERA and last season with a 5.87 ERA, so he’s had a rough go of it in recent years.
The decision to go to Triple-A was Sanchez’s, Anthony Fenech of the Free Press reports. Sanchez wants to be stretched out as a starting pitcher again.
Just a few days after inking him to a minor league deal, the Braves have released first baseman James Loney, the team announced on Monday. Loney became expendable when the Braves acquired Matt Adams from the Cardinals on Saturday as a replacement for the injured Freddie Freeman.
Loney, 33, appeared in two games at Triple-A Gwinnett. He had one hit, a single, and one walk in eight plate appearances.
Loney will likely have to wait for another team to deal with an injured first baseman or DH before he can secure another contract.