Cubs sign reliever Jose Veras to one-year pact

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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.

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UPDATE, 6:43 p.m. ET: CBS Sports’ Jon Heyman says Veras will be the Cubs’ closer.

Red Sox to activate Dustin Pedroia from disabled list on Friday

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Manager Alex Cora said that second baseman Dustin Pedroia will be activated from the disabled list on Friday, Pete Abraham of The Boston Globe reports.

Pedroia, 34, had cartilage restoration surgery on his left knee in late October. He played in only 105 games last season, batting .293/.369/.392 with seven home runs and 62 RBI in 463 plate appearances. His offensive stats were his worst since an abnormally-bad 2014 campaign.

The 34-15 Red Sox have baseball’s best record. Eduardo Nunez has mostly been handling second base in Pedroia’s place, hitting a disappointing .243/.261/.361 in 177 trips to the plate. He has also, by most metrics, played subpar defense at the position, so getting Pedroia back will be a boon.