The Cleveland Indians are closing in on a two-year deal with free-agent closer Kerry Wood that is believed to be worth close to $20 million, SI.com has confirmed.
Wood has pitched his entire 11-year career with the Chicago Cubs, but the Cubs said they would not re-sign Wood this offseason after they made a trade last month to acquire reliever Kevin Gregg from the Florida Marlins.
Wood had not been a closer until this past season, when he notched the first save of his career. He finished with 34 saves, and was named to the All-Star team, but he also made yet another trip to the disabled list, this time for a blister.
The market for closers has finally started to move, with Francisco Rodriguez agreeing to a three-year contract with the New York Mets.