Kerry Wood has been pretty good since coming to the Yankees. Despite some control issues, six walks per nine innings, he’s been effective. He’s allowed just seven hits and one run while striking out thirteen (after a 0.2 IP, 1 H, 2K performance last night). Overall, I like what I’ve seen from Kerry Wood in his brief time with the Yankees.
Next season, Kerry Wood has a team option worth $11M. That’s a whole lot of money and there’s no way the Yankees should exercise it. I’m pretty sure they’re smart enough not to. However, that doesn’t mean they shouldn’t bring Wood back.
Wood’s stuff has still been fantastic this year and I would not hesitate to offer him a contract for 2011. Like I said when he was traded to the Yankees, at best, he’s a dominant reliever who could close if need be. At worst, he’s a hard thrower who misses bats. Those are both valuable things in at least some capacity.
Relievers, though, are tricky. Today’s valuable piece could be tomorrow’s DFA fodder. It’s also worth noting that some of Wood’s numbers have been trending the wrong way for the last few years.
Perhaps, then, there should not be a Damaso Marte like offer made. That is, I don’t think Cashman should make a multiple year offer to Wood. Ben Kabak and I were Tweeting about this the other night and we thought maybe the Yankees could offer a two year deal, essentially splitting the $11M on Wood’s option, which might be a little much, but not terrible. However, it’d probably be better for the Yankees to offer Wood a one year deal at a price lower than the $10.5M he’s making this year. Maybe one year with a low base and a few incentives/escalators? What do you guys think?