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Cubs glad they didn't lose Kerry Wood

Updated: January 14, 2012, 9:45 PM ET
By Bruce Levine | ESPNChicago.com

Chicago Cubs chairman Tom Ricketts acknowledged on Saturday that the front office could have handled the Kerry Wood signing in a more timely fashion.

The 34-year-old veteran pitcher told the media on Friday that he was 25 minutes away from going for a physical with another team, with which he had agreed to a deal in principle. That's when the Cubs closed in and finished off the contract.

"I'm not sure why the timing ended up the way it did," Ricketts said at the team's annual convention. ...

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