June 10: Veras has been released, tweets Mark Gonzales of the Chicago Tribune.

June 3: The Cubs have designated reliever Jose Veras for assignment, tweets Bruce Miles of the Daily Herald. The 33-year-old veteran was signed to serve as Chicago’s closer after the Tigers declined to pick up his club option.

Veras represents a fairly significant miss for the Cubs front office. He was given a $4MM guarantee, including this year’s salary and a $150K buyout for a 2015 club option at $5.5MM. In addition to putting a consistent presence at the back of the bullpen, the Cubs no doubt considered the possibility of dangling Veras at the trade deadline.

But that was not to be. Across 13 1/3 innings on the season, Veras has worked to a 8.10 ERA with 8.8 K/9 against 7.4 BB/9. Adding injury to insult, he then missed 17 games with an oblique strain. But Veras was actually much better upon his return from the DL. Since May 15, he has thrown 7 2/3 innings and allowed just two earned runs and a walk while setting down eight batters on strikes.