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Cubs re-sign Kerry Wood to one-year, $3 million deal with club option for 2013

Jan 13, 2012, 7:17 PM EDT

Kerry Wood Getty Getty Images

Things looked a little dicey earlier this week, but Kerry Wood is back where we all thought he would be when the offseason began.

From David Kaplan of CSNChicago.com comes word that the Cubs and Wood have agreed to terms on a new deal. The announcement was made to an “insane ovation” at Cubs Convention earlier this evening. Gordon Wittenmyer of the Chicago Sun-Times reports that he’ll get a one-year deal worth $3 million with a club option for 2013.

Wood signed a team-friendly one-year, $1.5 million deal with the Cubs last offseason, despite getting multi-year offers for more money elsewhere, but his new deal is much more in line with the market value for a veteran set-up man. The 34-year-old right-hander posted a 3.35 ERA and 57/21 K/BB ratio over 51 innings in 2011. He’ll set up for closer Carlos Marmol again in 2012.

  1. glink123 - Jan 14, 2012 at 12:20 AM

    atta boy, Woody. the city of Chicago freaking worships you. stay home, be a legend. and props to Theo for doing the right thing and upping the ante to keep him.

  2. tone360 - Jan 14, 2012 at 1:08 AM

    Looking forward to seeing 3-4 out there this summer. Thanks K-Dub.

  3. chugginbud - Jan 14, 2012 at 2:01 AM

    True Chicago Cub, gotta love Kerry Wood!

  4. jbro3169 - Jan 14, 2012 at 4:49 PM

    Thank god!! I was starting to get worried! Good to have the big K back with the cubbies where he belongs!

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