Aggressive as always, and with deep pockets, the Yankees continued to address their clubs perceived weaknesses, Joel Sherman of the New York Post in a series of tweets broke down the deal that sends Kerry Wood plus at least $1.9 million of the remaining $3.8 million owed to the former closer.
If Wood stays healthy for the remainder of the season, the Yankees will cover exactly one half of his salary. If he is injured they would only be responsible for $1.5 million. Cleveland can elect to take two prospects of up to $500,000 cash in exchange should Wood remain healthy for the balance of the season.
On the season Wood has battled injury and ineffectiveness only appearing in 23 games for Cleveland. His struggles with control coupled with a decline in his strikeout rate made him hittable. His 6.30 ERA is the highest of his career.
To make room for Wood, the Yankees designated reliever Chan Ho Park for assignment.
Joe Tetreault is Managing Editor of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He can be contacted here through The Biz of Baseball
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