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Cubs, Gregg agree on $4.2M, 1-year deal (AP) (sports.yahoo.com)

Closer Kevin Gregg and the Chicago Cubs agreed Monday to a $4.2 million, one-year contract that avoided salary arbitration. The Cubs acquired the 30-year-old right-hander from the Florida Marlins last November for right-hander Jose Ceda, then said the following day that they wouldn't attempt to re-sign Kerry Wood, who then agreed to a $20.5 million, two-year deal with Cleveland.