From the Wire: Cubs Avoid Arbitration with Travis Wood

According to multiple reports, the Cubs and Travis Wood have avoided arbitration. Wood agreed to a one-year contract for the upcoming season worth $3.9 million. The two sides were not able to agree to a deal prior to last Friday’s deadline to file salary arbitration numbers. Wood filed at $4.25 million and the Cubs submitted a $3.5 million figure.

The Cubs and Wood were rumored to be working on a multi-year contract earlier in the off-season, but those rumblings quieted soon after they surfaced. Wood received a nice bump in pay from the $527,000 he earned last season is his first year of arbitration eligibility.

The Cubs have avoided arbitration with seven of their 10 arbitration eligible players for the upcoming season. Donnie Murphy ($825,000, plus incentives), George Kottaras ($1.075 million), Luis Valbuena ($1.71 million), Pedro Strop ($1.325 million), Nate Schierholtz ($5 million) and James Russell ($1.775 million) have already agreed to contracts for the 2014 season.

The Cubs have three arbitration eligible players unsigned … Jeff Samardzija, Darwin Barney and Justin Ruggiano. Jeff Samardzija filed a $6.2 million figure last week and the Cubs filed at $4.4 million. Darwin Barney filed at $2.8 million and the Cubs submitted a $1.8 salary arbitration number. Justin Ruggiano filed at $2.45 million while the Cubs countered at $1.6 million.

Teams can avoid salary arbitration with players until the two sides walk into the hearing. Salary arbitration hearings will be scheduled between Feb. 1 and Feb. 21 this year. Players and clubs typically meet in the middle of the two filing numbers in order to avoid the hearing. If the player goes to arbitration the independent arbiter can either rule in favor of the team or in favor of the player.

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