February 27, 2004
Good Wood
Rooftop Report tells me that the Cubs have signed Kerry Wood to a new three-year contract. Congratulations to Kerry, and the Cubs fans have to be happy that Wood won't be testing the free agent waters any time soon.
Posted by David Pinto at
02:30 PM
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This is a great signing by the Cubs. I have the specifics over at The Cub Reporter, but basically it's a three years deal for $32.5M with an option for '07 ($13.5M) that automatically vests if Wood throws 400 innings in '05 and '06.
Plus, a no-trade clause.
Add this to today's Derrek Lee signing, and the Cubs just locked up two really important pieces for the next three years. It's a good day.
