It looks as though free agent closer Kerry Wood is going to sign with the Cleveland Indians. MLB.com's Anthony Castrovince reported that it is a two-year deal with an option for a third.
UPDATE (3:08 p.m) - this deal still hasn't been finalized. Yahoo's Gordon Edes reports that it is a pretty close to being finalized.
But ESPN's Peter Gammons had this : &bull The Indians are said to be "making progress" with Kerry Wood, "but are far enough away so that they are talking to alternatives."
Why is this important?
Wood was also drawing interest from the Detroit Tigers, who also are interested in J.J. Putz.
With Wood going to sign with the Cleveland and Francisco Rodriguez set to sign with the Mets, that leaves Trevor Hoffman and Brian Fuentes as the only established closers left on the free agent market. Neither has been way up on the Tigers radar so far, so the push to get Putz might increase.