Cubs re-sign Kerry Wood to one-year, $3 million deal with club option for 2013

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Things looked a little dicey earlier this week, but Kerry Wood is back where we all thought he would be when the offseason began.

From David Kaplan of CSNChicago.com comes word that the Cubs and Wood have agreed to terms on a new deal. The announcement was made to an “insane ovation” at Cubs Convention earlier this evening. Gordon Wittenmyer of the Chicago Sun-Times reports that he’ll get a one-year deal worth $3 million with a club option for 2013.

Wood signed a team-friendly one-year, $1.5 million deal with the Cubs last offseason, despite getting multi-year offers for more money elsewhere, but his new deal is much more in line with the market value for a veteran set-up man. The 34-year-old right-hander posted a 3.35 ERA and 57/21 K/BB ratio over 51 innings in 2011. He’ll set up for closer Carlos Marmol again in 2012.

Guardians trade OF Will Benson to Reds for OF Justin Boyd

David Richard-USA TODAY Sports
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CLEVELAND – The Cleveland Guardians traded outfielder Will Benson to the Cincinnati Reds on Wednesday for outfielder Justin Boyd.

The defending AL Central champions also will get a player to be named from the Reds in the swap.

Cincinnati drafted Boyd in the second round last year out of Oregon State. He led the Pac-12 with a .373 batting average and 24 steals in 2022. The 21-year-old batted .203 in 73 at-bats for Class-A Daytona.

The 6-foot-5 Benson spent 28 games with the Guardians last season, batting .182 with three RBIs in 28 games. The 24-year-old struggled at the plate, striking out 19 times in just 55 at-bats.

Benson was once considered one of Cleveland’s top outfield prospects, but has since been surpassed by Steven Kwan, Oscar Gonzalez and Will Brennan.