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.

White Sox shut down Lucas Giolito for remainder of season

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The Athletic’s James Fegan reports that the White Sox are shutting down starter Lucas Giolito for the remainder of a season. An MRI revealed a mild lat strain, which typically comes with a three- to four-week recovery timetable. The third-place, 65-84 White Sox have nothing left to play for, so it makes sense to play it safe with their prized young hurler.

Giolito, 25, had a breakout season. He went 14-9 with a 3.41 ERA and a 228/57 K/BB ratio in 176 2/3 innings. He made his first All-Star team and will likely earn a few downballot votes for the AL Cy Young Award.

Giolito was scheduled to start Tuesday’s series opener against the Twins. Ross Detwiler will start in his place opposite Martín Pérez.