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The Kerry Wood Signing

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It seems like it's close to official and looks like two years worth ~20 million with an option for a third year. Let's take a look at Wood since he became a full time reliever:

 

Season IP FIP pLI
2007 24.3 2.87 0.52
2008 66.1 2.32 1.99

Not too bad. Wood's velocity was up nearly two notches and helped him notch 11.4 strikeouts per nine. Wood's BB/9 set a career low, over one walk less than he previously recorded. Here's how he compared to the Indians relievers in terms of NLRS and LRS:

 

Pitcher NLRS LRS
Wood 20 40
Kobayashi 1.2 1.2
Betancourt 2.8 3.8
Lewis 1.2 1.2
Perez 13 16.6

Quite the upgrade, but as is the usual with Wood, there's an injury risk, he simpy has to be worth 2 WAR next season to validate the money given. Otherwise, between this addition and those of Jon Meloan and Joe Smith, the Indians could morph their bullpen into something impressive in 2009.