The Brewers entered the offseason with three potential question marks in their bullpen as Kameron Loe, Manny Parra and Jose Veras were all candidates to be non-tendered instead of receiving arbitration offers this winter. They've answered one of those questions by outrighting Veras off the 40-man roster.
Adam McCalvy initially reported that Veras has opted to become a free agent immediately, which is basically a paper transaction because he would have had enough service time to become a minor league free agent anyway. Now, however, McCalvy is reporting that the waiver process has yet to run its course so Veras isn't a free agent yet.
If a team claims Veras off waivers they would still have the right to offer him arbitration for next season. MLB Trade Rumors predicted that Veras would get $2.6 million in his third arbitration season. If no one claims him, he'll become a free agent as predicted above.
2012 was Veras' seventh major league season and his first as a Brewer. He posted a 3.63 ERA over 72 appearances but walked 5.4 batters per nine innings and allowed a 1.507 WHIP. He'll almost certainly catch on somewhere this winter, but probably for less than what he would've gotten in arbitration. He still could re-sign with the Brewers.
Veras was acquired a year ago in a deal that sent Casey McGehee to Pittsburgh. In a related note, MLBTR reports that McGehee also elected free agency after being outrighted today.