Major League Baseball

Cubs, Wood agree to one-year deal

Published Jan. 11, 2012 12:00 a.m. ET

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The Cubs and free-agent reliever Kerry Wood have agreed to a one-year deal with an option for 2013.

Wood, 34, resides in Chicago and indicated during the offseason that he prefers to remain with the Cubs — where he has spent 11 of his 13 big-league seasons. He will get his wish, even though the Cubs are entering a true rebuild for the first time in years.

Wood went 3-5 with a 3.35 ERA in 51 innings for the Cubs last season.

The Phillies showed interest in Wood, sources say.

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