What's he worth?

Three pitchers. Three 2008 salaries

A $4,200,000
B $4,000,000
C ??????

How'd they do last year, basic stats?

A 24.3 IP 3.33 ERA 1.27 WHIP
B 81.3 IP 3.32 ERA 1.16 WHIP
C 72.3 IP 3.48 ERA 1.36 WHIP

Pitcher C is Michael Wuertz, who is asking for $975,000. A is Woody and B Howry. Clearly, Wuertz is not a free agent, but the Cubs are going to arbitration with an offer of $750,000.

Most likely, they'll settle before it gets to a hearing. But, still, I think they can kick-down a quarter mil for a guy who is likely to provide nearly the same value as the other two.

According to BP, the three were very close in Value over Replacement Player (VORP) last year.

Wood 7.1
Howry 22.7
Wuertz 17.8

Remember, Wood only threw about 1/3 of the innings as the other two, so the numbers are really close rate-wise. If these guys all manage to get the same amount of work in '08, I wouldn't be terribly surprised if Wuertz bested one, or both, of them.