Tigers

AP Source: Cubs, Jose Veras Near $4M Contract

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BOSTON, MA - OCTOBER 12: Jose Veras #31 of the Detroit Tigers leaves the mound after being pulled in the eighth inning during Game One of the American League Championship Series against the Boston Red Sox at Fenway Park on October 12, 2013 in Boston, Massachusetts. (Photo by Al Bello/Getty Images)

BOSTON, MA – OCTOBER 12: Jose Veras #31 of the Detroit Tigers leaves the mound after being pulled in the eighth inning during Game One of the American League Championship Series against the Boston Red Sox at Fenway Park on October 12, 2013 in Boston, Massachusetts. (Photo by Al Bello/Getty Images)

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ANDREW SELIGMAN, AP Sports Writer

CHICAGO (AP) — A person familiar with the situation says the Chicago Cubs and reliever Jose Veras were closing in on a $4 million, one-year contract.

The person spoke Tuesday on the condition of anonymity because the deal with the 33-year-old right-hander was pending a physical.

Veras would get $3.85 million next season, and the Cubs have a $5.5 million option for 2014 with a $150,000 buyout. He can make an additional $750,000 annually in performance bonuses based on games finished.

Veras was 0-5 with a 3.02 ERA in 67 games last season for the Houston Astros and Detroit Tigers, who acquired him on July 29.

Detroit declined a $4 million option on Veras in November and opted to pay a $150,000 buyout.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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