Thursday, December 16, 2010

Wood Signs With Cubs.... For $1.5 Million?!?!?!?

From Paul Sullivan:

Kerry Wood has reached a one-year deal with the Cubs for $1.5 million, sources said Thursday.

Wood had a physical Thursday and the signing is expected to be announced Friday. The deal is well below Wood's market value, but the former Cubs ace was willing to get it done to return to his former team and possibly end his career in Chicago. He'll also receive incentives based on games finished, in case he eventually becomes the closer.

General manager Jim Hendry was unavailable for comment.

Wood reportedly turned down more lucrative offers from Boston and the White Sox, possibly leaving $10-$12 million on the table. He offered to sign a one-year deal to return to the Cubs after the '08 season, but the Cubs told him to test the market, and he received a two-year, $20 million deal in Cleveland.
Nothing from the Yankees? I guess it doesn't matter really, if he turned down the money from the White Sox and Red Sox, I'm sure he would have done the same to the Yanks. I assume going back to his first team, and the opportunity to grab the closers job was just too much to pass up for Wood.

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