Jose Veras signed a one-year contract with the Cubs in the off-season for $4 million in guaranteed money that included a team option for 2015. Veras’ contract called for him to be paid $3.85 million in 2014 with a $150,000 buyout on a $5.5 million option for the 2015 season.
Jose Veras is now a free agent and can sign with any team. The Cubs are on the hook for the remainder of the $4 million contract.
Jose Veras was 0-1 in 12 games for the Cubs this year with an 8.10 ERA and a 1.73 WHIP. In 13 1/3 innings, Veras allowed 12 runs on 12 hits with 11 walks and 13 strikeouts. Veras hit three batters and uncorked three wild pitches in his short time in a Cubs’ uniform.
According to Bruce Levine, the Cubs tried to trade Jose Veras and could not. The Cubs granted him his outright release.