According to a report from Jesse Rogers, the Cubs and Travis Wood agreed to terms on a one-year, $5.685 million contract.
The Cubs have reportedly agreed to terms with five of the seven arbitration eligible players … Jake Arrieta ($3.63 million), LHP Felix Doubront ($1.925 million), OF Chris Coghlan ($2.505 million) and C Welington Castillo ($2.1 million).
The Cubs have two arbitration eligible players still unsigned for next season … RHP Pedro Strop and INF Luis Valbuena.
Travis Wood made $3.9 million last year and his $5.685 million contract for 2015 falls right in line with estimates for his second year of arbitration eligibility ($5.2-5.7 million).
Travis Wood could be the pitcher that benefits the most with Miguel Montero and David Ross now handling the catcher duties for the Cubs. Wood appeared to just miss his spots for a majority of the year and maybe those balls will be called strikes this season.
Travis Wood struggled with his command in 2014 and finished a disappointing season with an 8-13 record in 31 starts with a 5.03 ERA, 1.53 WHIP and 4.38 FIP.
Wood is the only other starter on the roster that has recently completed 200 innings at the big league level. Wood is likely closer to the 2012 version that was 6-13 in 26 starts with a 4.27 ERA, 1.20 WHIP and 4.85 FIP (119 strikeouts, 133 hits and 54 walks in 156 innings) than the one that represented the Cubs at the All-Star Game in 2013.
During his three years with the Cubs, Travis Wood is 23-38 in 89 starts with a 4.08 ERA, 1.29 WHIP and 4.33 FIP.
Wood is under team control for one more season beyond 2015 after deciding to go year-to-year last winter instead of signing a long-term extension.