Cubs Not Re-Signing Kerry Wood

After acquiring a potential closer in Florida’s Kevin Gregg on Thursday morning, it was announced that the Cubs would not try to re-sign Kerry Wood, who will be able to accept free-agent offers from other clubs on Friday.
Wood, the 1998 NL Rookie of the Year who saved 34 games this year, had been the longest-tenured player on the Cubs. General manager Jim Hendry said Kerry Wood was deserving of a three- or four-year deal and the Cubs are not prepared to offer him one.
The Chicago Cubs acquired reliever Kevin Gregg in a trade with the Florida Marlins on Thursday, and in addition to the right-handed Gregg, who was the Marlins’ closer until the final month last season, Chicago also has a talented set-up man in Carlos Marmol, who could close. Unlikely that this could ever change the Cub’s World Series betting odds.