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

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.

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.

Related: An Open Letter To Theo Epstein And Jed Hoyer Regarding Kerry Wood

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

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