Creeping Inexorably Toward A Worthwhile Sub-Heading.
Friday, January 16, 2004
It was a Deal in a Deal...
The Cubs and Kerry Wood agreed to a one-year deal today, worth $9.75M. This, by no means, indicates that a multi-year deal won't get done. In fact, just the opposite. Here's the breakdown.
Yesterday was the deadline for players to file for arbitration, and it was necessary for Kerry to do so in order to keep negotiating with the club. The deadline for exchanging salary figures for the arbitration hearings was coming up on Tuesday. Well, neither side was interested in submitting numbers and getting all kerfluffled by the other side's "unreasonable" demands, so rather than do that, they agreed on a one-year deal which is likely in the same value range they had been discussing for year one of the long-term contract (a very appropriate value range, in my estimate).
Don't worry, folks, Wood will still be locked up by the time Opening Day rolls around. This is just one more step in the process.
P.S. Thanks to PD for pointing out the wire story.