The Cubs are signing free agent reliever Hoby Milner, according to Bleacher Nation’s Michael Cerami.

It’s a one-year, $3.75 million deal, according to ESPN’s Jesse Rogers. Milner gets little respect, but his left arm has produced a 3.55 ERA and a 245/63 K/BB in 264 innings the last four years. That his velocity and strikeout rate both declined at age 34 last season is definitely a little worrisome, but as a one-year deal, it should work out fine.