Leaving money on the table is the new market inefficiency?

First Cliff Lee, now Kerry Wood?

In a move that surprised even the Cubs, former staff ace and closer Kerry Wood agreed to return to his baseball roots and sign with his original team for one year, $1.5 million, according to a source. [...]

Wood also considered a one-year, $3.5 million offer from the White Sox before following his heart back to the North Side, where he maintains strong relationships with Cubs? front office personnel, as well as several former teammates still with the club.

Someone trying to get me to change my URL?

Rather than that, I have added Wood to the anti-IIATMS roster, as you can now see on the righthand side of the page, joining Lee and Marco Scutaro. Feel free to let me know who, in recent vintage, has also taken materially less than the highest offer.

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