Kerry Wood turns down $3.5 million from White Sox to return to Cubs for $1.5 million

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Kerry Wood has turned down a one-year, $3.5 million offer from the White Sox in order to return to the Cubs for $1.5 million, according to Gordon Wittenmyer of the Chicago Sun-Times.

Wood, who was drafted fourth overall by the Cubs in 1995 and spent the first decade of his career calling Wrigley Field home, will likely be the primary setup man in front of closer Carlos Marmol.

Wittenmyer writes that Wood’s decision to turn down the White Sox’s far more lucrative offer “surprised even the Cubs” and he may also have turned down multi-year offers from the Yankees and Red Sox.

Wood missed all of April with a back injury and struggled for the Indians once he returned from the disabled list, but posted a 0.69 ERA and 31 strikeouts in 26 innings following a midseason trade to the Yankees. Originally a starter–and owner of one of the best starts in baseball history–Wood has a 3.45 ERA, .213 opponents’ batting average, and 237/93 K/BB ratio in 204 career relief innings.

Given some of the two- and three-year contracts being handed out to other middle relievers, $1.5 million is an amazingly below-market deal. He probably won’t miss the extra money, as Wood has already earned over $70 million during his dozen-year career, but it’s always interesting to see someone willing to take less to play where he wants, particularly when the decision involves choosing between sides of Chicago.

Report: Glen Perkins will retire from baseball

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According to MLB.com’s Rhett Bollinger, Twins GM Thad Levine told 1390 Granite City Sports that reliever Glen Perkins will retire.

Perkins, 34, has battled shoulder injuries over the last two years, limiting him to a total of 7 2/3 innings between 2016-17. His decision doesn’t come as much of a surprise given the circumstances. The Twins declined his $6.5 million club option back in October, making him a free agent.

Across parts of 12 seasons, all with the Twins, Perkins compiled a 3.88 ERA with 120 saves and a 504/158 K/BB ratio in 624 1/3 innings. He ranked among baseball’s best closers from 2013-15, racking up 102 of those saves with a 3.08 ERA. The lefty made the American League All-Star team in each of those three seasons.