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Kerry Wood, Cubs agree on 1-year deal

Updated: January 14, 2012, 12:02 AM ET
By Bruce Levine | ESPNChicago.com

The Chicago Cubs and Kerry Wood have agreed to a one-year contract with a club option for 2013, the team announced Friday at the Cubs Convention, the club's annual fan festival.

The deal is worth $3 million, as is the club option.

"Yesterday it got a little closer," Wood said. "And then today it worked out. But I thought I was with three different teams for about a week there."

Wood said he was nearly ready to sign elsewhere.

"[I was] about 25 minutes [away]," Wood ...

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