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Russell, 29, went 0-2 with a 5.29 ERA and one save in 49 appearances this past season with the Cubs. He posted a combined 3.26 ERA and a 1.22 WHIP in 217 appearances from 2012-14. The Phillies likely view him as a bounce-back candidate, much like right-hander Dan Otero, whom they claimed off waivers from the A's earlier this month.
Russell, like Otero, is one year removed from a quality season. Russell posted a career-best 2.97 ERA in 66 appearances with the Cubs and Braves in 2014.
Todd Zolecki is a reporter for MLB.com. Read his Phillies blog The Zo Zone, follow him on Twitter and listen to his podcast. This story was not subject to the approval of Major League Baseball or its clubs.