Wood pitched out of the Royals' bullpen in 2010-2011, posting a combined 4.30 ERA in 119 1/3 innings. He will be arbitration eligible for the first time this off-season, and should see a slight salary increase.
Analysis: Wood is a decent bullpen piece to have, assuming he's healthy. This is a good pickup by the Indians because it is a low risk, moderate reward move.
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