Cubs announce signing of RP Veras

The Chicago Cubs announced Friday the signing of reliever Jose Veras to a one-year contract with a club option for 2015.

A source told ESPNdeportes.com's Enrique Rojas the deal is worth $4 million for 2014 and a $5.5 million option for 2015, along with incentives.

The Tigers declined a $3.25 million option on Veras in November.

The right-hander went 0-5 with a 3.02 ERA in 67 appearances with the Astros and Tigers this past season, but Detroit's bullpen was a problem in the team's AL Championship Series loss to Boston.