CHICAGO -- Kerry Wood agreed Friday to a $9.75 million, one-year contract with the Chicago Cubs, who hope to work out a multiyear deal.
Wood filed for arbitration Thursday. By signing the 26-year-old right-hander to the one-year deal now, the Cubs avoid having to exchange salary figures Tuesday in arbitration.
"We feel we'll have a multiyear deal done before spring training," Cubs general manager Jim Hendry said.
Cubs pitchers and catchers report to spring training Feb. 18.
Wood is the cornerstone of Chicago's young pitching staff, one of the best in the majors. He was 14-11 with a 3.20 ERA last season and led the majors with 266 strikeouts.