Russell, a left-hander, has gone 0-2 with a 3.51 earned run average in 44 appearances for the Cubs in 2014. He departs the only franchise which has employed him at the major-league level with a 10-16 record, 3.87 ERA and three saves over 316 games since 2010.
The journeyman Bonifacio hit .279 with two homers, 14 doubles, three triples and 18 RBI over 69 contests during his first season with the Cubs. He'll join his seventh MLB franchise in an eight-year career.
Caratini, a native of Puerto Rico, was named a South Atlantic League All-Star for Single-A Rome, totaling four triples, five home runs, 18 doubles and 42 RBI along with a .279 average in 87 games.