This would kind of suck. I thought Groy did pretty well at center, not great, and got more help from the guards than Wood did, but admirable. I thought they would keep him around for a few years, maybe use him as a cheap replacement for Incognito at LG or Wood at C after this season.
Note they can cut Incognito after 2017, and save roughly $6.5 million ($7.575 cap hit or $1.15 million dead money). Cutting Wood today would save only about $3.25 million