Kerry Wood Signs 1-Year, $3 Million Deal With Chicago Cubs

Jan 13 6:02p by Steven Muma

The Chicago Cubs surprised their fans at the 2012 Cubs Convention on Friday evening when they introduced reliever Kerry Wood and announced that the club had re-signed the veteran, much to the crowd's delight.

Kerry Wood has agreed to a deal who stay with the Cubs. Insane ovation at the Cubs Convention as the great Pat Hughes announces the deal.
— David Kaplan (@thekapman) January 13, 2012

Wood's deal is for one year and $3 million, and there is a club option for 2013. A deal between the two sides had been discussed for a while, though the organization was a bit coy about it in the days leading up to the convention.

Wood had a 3.35 ERA in 51 innings for the Cubs last season.

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