Also, there's actually little chance the Cubs get a 1st round pick out of it considering only 14 teams have the pick to offer and if that team signs any other Type A free agent, he's going to rank ahead of Wood. So really you're risking him accepting when all you can assume is a sandwich pick. And if the does accept and you REALLY can't keep him, getting rid of him in Spring and paying only the 45-day termination would cost around ~2M and potentially risk a grievance. It'd be a very bad situation. Keeping him and dumping Gregg at that point is even worse after you gave up Ceda for him... Depending on how cheap Wood was honestly willing to sign for, the mistake was trading for Gregg over keeping Wood. But not risking a messy arbitration scenario isn't all that terrible if Wood wasn't promising to decline, and why would he promise that if this is where he wants to be and accepting hurts his market value? I agree with most of what you say other than the bolded. That's a sunk cost at this point. It doesn't matter what we gave up to get him. I suppose, though, in the real world, things don't work that way and Hendry would look quite ridiculous if he dumped a player he literally *just* gave up somewhat of an asset for. Carry on.