The Cleveland Indians today announced the club has traded right-handed reliever Kerry Wood and cash to the New York Yankees for a player to be named or cash.
The transaction must be completed on or before October 15. The reason for this according to reports is if Wood remains healthy the rest of the season, the Yankees will pay up to $2.0 million of the $3.6M remaining on his contract this year. If he gets hurt, they only pay $1.5M.
Wood, in his second season with the...