Combine first 5 ingredients in a sauce pan. Cook over low heat until blended, stirring frequently. Place chicken in a sealable plastic bag. Pour honey mixture over chicken and seal tightly. Turn to coat. Marinate in refrigerator 2-10 hours, turning occasionally.
Arrange un-drained chicken in a single layer in a 9x13 in baking pan sprayed with nonstick cooking spray. Bake at 400 degrees for 30-40 minutes, or until chicken is cooked through. Baste with pan juices 3 times.