"I was really gutted to get injured before the IPL season last year," he quoted.
CSK officials met Tamil Nadu Chief Minister Edappadi K Palaniswami and handed over to him the cheque.
Formerly known as the Delhi Daredevils, the team will now play under the name of 'Delhi Capitals'.
Releasing these players would've given the 2018 Champions a chance to build a team for the future.
The transfer of the stocks to the retail shareholders is also being seen as an effort to list Chennai Super Kings Cricket in the stock market.
The franchises might have to pay the price for some of their surprising decisions.
Wood is one of the three players CSK released.
CSK retained 22 of their 25 players from the last edition.
The title-holders Chennai Super Kings already look a settled unit with 23 players in their squad.
Willey also hailed the supporters for staying beside them throughout.