Jose Veras recorded 19 saves with the Astros and two saves with the Tigers last season.
Jose Veras recorded 19 saves with the Astros and two saves with the Tigers last season.
Jamie Squire/Getty Images Sport

CHICAGO (AP) -- The Chicago Cubs say they have agreed to a one-year contract with reliever Jose Veras that includes a club option for 2015.

The deal was announced on Friday.

Veras is due $3.85 million next season, and the Cubs have a $5.5 million option for 2015 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 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide - from Peter King, Tom Verducci, Lee Jenkins, Seth Davis, and more - delivered straight to you, along with up-to-the-minute news and live scores.