By Tim Dierkes [December 1 at 7:55pm CST]
According to MLB.com's Carrie Muskat, the Cubs declined to offer arbitration to Type A free agents Kerry Wood and Bob Howry. The Cubs decided they could not take on the financial risk of Wood accepting, as they're tight on payroll. Trading him might've been difficult, as he would've been a 10-and-5 player. It seems that payroll forced the Cubs to make the questionable baseball decision to pass on a one-year deal for Wood.
Its a sad day, like everyone else, its just mind boggling.