Chicago Cubs, Kerry Wood Nearing One-Year Deal

ST. LOUIS, MO - JUNE 4: Reliever Kerry Wood #34 of the Chicago Cubs pitches against the St. Louis Cardinals at Busch Stadium on June 4, 2011 in St. Louis, Missouri. The Cardinals beat the Cubs 5-4 in 12 innings. (Photo by Dilip Vishwanat/Getty Images)

Following yesterday's report that the Chicago Cubs have offered Kerry Wood a "substantial raise" comes word from Jon Paul Morosi via twitter that they're close to a one-year deal which includes a 2013 option.

He earned $1.5 million in 2011 and if Jed Hoyer's comments are true would stand to make a bit more. Jon Heyman echoes yesterday's rumors that Philly would still pursue him, just in case:

  • Twitter / @jonmorosi - "Source: #Cubs and Kerry Wood are close on a one-year deal that will include a 2013 option."
  • Wood close to deal? " Muskat Ramblings
    "He did miss time because of a blister and ended his season in September because of a torn meniscus in his left knee. The right-hander gave the Cubs a hometown discount in 2011, signing a one-year, $1.5 million deal to come back."
  • Twitter / @JonHeymanCBS
    #cubs clearly trying hard to re-sign favorite son kerry wood. will be shocked if he leaves chicago. philly waiting, in case

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