Jan 13, 2012, 7:17 PM EDT
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.
- And That Happened: Tuesday’s scores and highlights 40
- Andrew McCutchen departs game versus Cardinals after aggravating injured left rib cage 3
- Mariners extend general manager Jack Zduriencik’s contract 12
- Money, money, money (and Bud Selig’s nirvana) 14
- These days, the correlation between payroll and winning is historically weak 60
- And That Happened: Monday’s scores and highlights 49
- Report: Cubs calling up top prospect outfielder Jorge Soler 40
- Shin-Soo Choo to undergo season-ending bone spur surgery on elbow 13
- The Cubs grounds crew was short staffed because the Cubs were trying to avoid Obamacare (247)
- Forgiveness for Pete Rose? Not in this lifetime (142)
- Cuban outfielder Rusney Castillo to sign with the Red Sox for $72 million (96)
- A pitch clock in Major League Baseball? No thanks. (92)
- Even if he’s reinstated, does Pete Rose make the Hall of Fame? (89)