1/24 Cubs, Wood reach agreement

The Cubs have avoided an arbitration hearing with left-hander Travis Wood, agreeing on Friday to a one-year deal worth $3.9 million.

Last Friday, Wood and the Cubs had exchanged figures, and the lefty had filed for $4.25 million, while the Cubs countered at $3.5 million.

Wood, 26, is coming off his best season in the big leagues, going 9-12 with a career-best 3.11 ERA en route to his first All-Star selection. Wood also pitched 200 innings, reaching the mark for the first time in his big league career.

A second-round pick by the Reds in the 2005 First-Year Player Draft, Wood spent his first two seasons with Cincinnati before being traded to the Cubs in the deal that included reliever Sean Marshall. In four Major League seasons, Wood is 26-35 with a 3.83 ERA over 97 appearances (93 starts).

After settling with Wood, the Cubs have three remaining arbitration-eligible players — Darwin Barney, Justin Ruggiano and Jeff Samardzija — with whom they have yet to reach agreements.

— Carrie Muskat

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