Cubs Sign Kerry Wood

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Cubs Sign Kerry Wood To One-Year, $1.5 Million Contract

It’s official, via tweet from the Sun-Times’ Chris DeLuca… far less money and only one year, but Kerry Wood is a Cub again:

Kerry Wood signs one-year, $1.5 M deal with Cubs.less than a minute ago via web

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REPORT: Kerry Wood To Sign With Cubs If He Passes Physical

Just about confirming the report posted in several online locations, including here, last night, Bruce Miles reports this afternoon in his Daily Herald blog that if Kerry Wood passes his physical — and given the fact that he was healthy the last two months of the season and through the postseason, there’s no reason he shouldn’t — he’ll be a Cub, likely for the next two years.

No contract details are available yet, but Miles reports “people I’ve talked with say the Cubs are happy with the financials.” In addition to shoring up setup relief, a real problem at time for the 2010 Cubs, this may allow them to try out Andrew Cashner in the starting rotation, something many fans have been clamoring for since Cashner blazed through a couple of minor league levels last year before his recall to be in the Cubs’ bullpen.

Presuming Wood is signed, he should get a rousing reception at the Cubs Convention next month; reaction even to the rumor of this signing seemed overwhelmingly positive (though there were a few naysayers, too).

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REPORT: Cubs Set To Sign Kerry Wood

Reports from Ken Rosenthal at Fox Sports and David Kaplan in the Chicago Tribune both state that the Cubs are "close" to re-signing former pitcher Kerry Wood, who has spent the last two years pitching for the Cleveland Indians and New York Yankees.

Wood will be 34 in June; no longer the "Kid K" who struck out 20 in his fifth big-league start on May 6, 1998, he has spent several years recovering from injuries. He nearly retired due to one injury in 2007, but after throwing pain-free decided to make one last comeback with the Cubs late that year. Installed as Cubs closer at the beginning of 2008 when Ryan Dempster returned to starting, Wood matched his well-known uniform number by posting 34 saves for a team that won 97 games, the most by a Cubs team since 1945.

After 2008, though, the Cubs decided to go with the younger Carlos Marmol as closer and Wood signed with the Indians as a free agent. He posted 20 saves in 2009 with the Tribe but often went 10 days or more without a save opportunity because the Indians were not a very good team. Starting 2010 on the DL with back problems, he was traded to the Yankees on July 31, 2010. Yankees pitching coach Dave Eiland found some mechanical problems with Wood's delivery; fixing them, Wood became a lights-out setup man for Mariano Rivera and helped the Yankees to the playoffs.

The Cubs could use such a pitcher and this signing would be very popular with Cubs fans, who revere Wood. Wood is the only player since the 1940s to have four postseason appearances with the team. Stick with this SB Nation Chicago StoryStream™ for updates.

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