The deal is still in the works, but as of Thursday, the Associated Press reports that pitcher Kerry Wood ready to sign a one-year, $1.5 million contract to return home to the Chicago Cubs.
The 33-year-old right-hander passed the team physical Thursday, and is expected to announce his decision Friday, the Chicago Sun-Times reports.
Wood left a 10-year career in Chicago in 2008 to join the Cleveland Indians. He ultimately landed with the New York Yankees.
Kid K said he wanted to return to Chicago for the love of the game, not about the money. Wood took a large pay-cut, accepting $10.5 million less than the two-year contract he was reportedly seeking with a rival team, a source told Fox Sports.
Wood said whatever decision he made about where he was going to pitch in 2011 had to be a good fit for his family, according to the Chicago Tribune.