Source: Cubs could eye Kerry Wood

Updated: October 28, 2010, 1:00 PM ET
By Bruce Levine | ESPNChicago.com

Free-agent pitcher Kerry Wood would be welcomed back to the Chicago Cubs if payroll permits, according to a source familiar with the situation.

The New York Yankees declined to pick up the option on Wood's 2011 contract, but that doesn't mean the Yankees won't try to re-sign Wood at a later date and lower number.

Cubs owner Tom Ricketts is on record saying the payroll for 2011 will drop slightly from its peak of $140 million in 2010.

The Cubs chose Wood with the fourth ...

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