Wood Signs 3 year deal

All my doom and gloom predictions about Wood leaving this year, finally went up in smoke. I am glad i was wrong on that issue.

Wood agreed Friday to a $32.5 million, three-year contract, the most lucrative deal for a pitcher in club history. It includes a mutual option for the 2007 that could increase the value to $43 million.

His new agreement calls for a $3 million signing bonus, payable at $1 million annually over three years, and salaries of $7 million this season, $8.5 million in 2005 and $11 million in 2006. Wood also has a no-trade clause in those three years.

A very fair deal. Not over the top.