Cubs land Epstein...finally.

After protracted negotiations in which the Cubs held firm, the staring contest is over.  Epstein is going the Cubs as President of Baseball Operations for the Cubs.  Reports are that he is set to hire Jed Hoyer to be his GM to handle those day to day duties, but it'll be Epstein who will make the final decisions.  Scouting guru Jason McLeod is also expected to join the front office.

The compensation is not yet decided and Epstein will be in the interesting position of having to negotiate a fair trade for himself.  It isn't the first time, however.  Andy McPhail also negotiated his own compensation when he was hired and decided on pitching prospect Hector Trinidad.

Ben Cherington is expected to be named the new GM of the Boston Red Sox.

Per the Tribune...

The Cubs and Red Sox released a joint statement Friday regarding Theo Epstein:

The Boston Red Sox and the Chicago Cubs jointly announce this evening that, effective immediately, Theo Epstein has resigned from the Red Sox in order to become the new President of Baseball Operations for the Cubs.  The Clubs also have reached an agreement regarding a process by which appropriate compensation will be determined for the Red Sox and that issue will be resolved in the near term.

Both the Red Sox and the Cubs intend to hold press events on Tuesday, October 25 during which the Cubs intend to announce Mr. Epstein, and the Red Sox intend to announce his successor as General Manager.

Out of respect for the World Series, both clubs have agreed to forego further comment until Tuesday, the next scheduled non-game day.  Further information on each club’s media availability for Tuesday will be distributed on Monday.

(Hat tip: Hubbs16 for the press release)

As expected, Jed Hoyer and Jason McLeod will also be headed to Chicago.

Kevin Goldstein will be on the score at 10 pm to discuss the deal.

All I have to say right now is...PHEW!

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  • Hey Hey!!

    John, thanks so much for your effort. Great job on following the Theo story right from the start. You deserve some hard earned rest.

    We can all rest now.

    Now it's Theo's turn to go to work. After the Tuesday press conference that is. Maybe he'll make a Starbucks run first.

    Thanks again,

  • In reply to Alex:

    Thanks (and you're welcome!) I'm going to have a celebratory drink and then sleep well tonight.

  • In reply to John Arguello:

    I know you're excitied just like the rest of us, hope that drink helps you sleep ;)

  • In reply to Alex:

    I can second that Alex! Thanks for all your hard work as always John, and also to all the posters with your updates, info, & opinions.

    I wonder if anyone will ask him about the Starbucks sighting. I really think it happened.

  • In reply to ChiRy:

    Thanks ChiRy...and the posters/readers were fantastic as usual!

    And I was wondering about the Starbucks sighting too. You know that question is going to be asked Tuesday; At this point, you have to think that it's probably true.

  • Thank GOD!!!!!!!

    I thought the only thing I'd feel is relief. But I'm actually excited. There's a SMART person working in the Cubs front office. Really. There is. But it gets better. He's bringing jed Hoyer. That's two. TwoSMART people in the Cubs front office. And Jed's bringing people. THERE ARE SMART PEOPLE WORKING IN THE CUBS FRONT OFFICE!!!!!!!!!

    Now I'm pissed that there's this stupid World Series. Hurry up and finish this so we can get to the off season!!!!!!

    Happy,, Happy F*%$#ing Day!!!!!!!

  • In reply to felzz:

    And McLeod...three smart people to go with the 3 top guys that we already had (Wilken, Fleita, Kaplan).

    And you have to think Epstein will have a to-do list all prepared and ready to go...

    Compensation next, but with Theo, Hoyer, McLeod and the Cubs 3 guys, I'm feeling a lot more like it's going to be leverage is gone.

  • In reply to John Arguello:

    You've also got to give Ricketts for waiting it out and not caving on compensation demands.

  • In reply to John Arguello:

    We're building a dream team!

    Hope Wilken & McLeold can coexist, I know their styles can, just hope their egos can as well. Theo's going to need to be diplomatic, impartial, & not show any favoritism as if they were his own kids if this is going to work. If they share the same job that is. Anyone see them specializing the roles there?

  • In reply to ChiRy:

    Well McLeod could be VP/AGM, and Wilken could stay as a director. Both their specialties are in amateur scouting...and no doubt they'll clash from time to time. I can see them splitting the professional and amateur scouting, like a lot of teams do. Could also see Fleita just handling international scouting while someone else is named farm director. Should be interesting.

  • There are several things a Cub fan might like about the pending announcements.

    First and foremost -- it seems clear that TR had his number one target in sight and, when the Boston collapse occurred, he struck quickly and, as it has been reported, most effectively. Reports are that Epstein was "blown away" with a "5 point plan" laid out by Ricketts.

    The rumors of other members being added to staff come as something of a surprise - as, when Jim Hendry was fired, TR made it clear that he saw no need for "a baseball person to oversee his baseball people." Perhaps, in consulting either with Epstein or others, the lure of hiring talent along the lines of Hoyer and McLeod were strong enough to change his mind.

    As to compensation ... What price DO you pay for the dream of ending 103+ years of drought?

    I have to say, as churlish and petty as the Boston organization has been all along, a part of me wanted the Cubs to thumb their noses at them. They have/had little or no leverage given a lame duck GM and history. One word comes to mind - petty. That characterization best reflects to the Red Sox owner - Henry - not Lucchino, in this fan's opinion.

    Best thing about the news ... drama over ... Cubbie Blue ... the New Dawn has risen. "Someday We'll Go All The Way" feels a little bit closer tonight. Theo, Jed, Jason ... your first Starbucks is on me !!!!!

  • In reply to MoneyBoy:

    Great post Moneyboy!

    Good info and I have to say I agree on everything...except compensation, of course. I've been a stickler about that from day one, and now that Epstein is here and the ball is rolling, I think the compensation will be fairly negotiated between he and Cherington.

  • In reply to John Arguello:

    I know John ... I know. Part of me is just damn glad it's over ... it's been reported that the THREAT of Selig's involvement was the tipping point.

    Whatever it is ... it is

  • In reply to MoneyBoy:

    How about Ricketts, though? He stared those guys down. Wouldn't want to play poker with that guy.

  • In reply to John Arguello:

    Wouldn't you love to see Ricketts & Rosenbloom playing against each other? Sure Rosie would spin the outcome just like he's going to spin this.

  • In reply to ChiRy:

    Rosenbloom ready to give up Castro AND Garza. All you can do is shake your head and be glad he isn't running your favorite team.

  • In reply to MoneyBoy:

    I wonder just how much of Rickett's time that most figured would be used collecting data & researching candidates, actually went to preparing a presentation to Theo, and on making sure certain points held water, like the effrots in Mesa for example.

  • With Theo in charge John, and with his old protege Cherington running the Sox, things should get a lot fairer. Any diubts I had about TR and his "vision" are gone . Clearly he is a man with a plan, he wanted Theo and het got him.

  • In reply to Steve Flores:

    I've been impressed with Ricketts since this past summer. His knowledge of the game is a big asset and you know he'll let Epstein run the baseball show from here...good days ahead.

  • In reply to John Arguello:

    I still wish I could have been a fly on the wall during that conversation you had with him, off the record. And on this whole Boston process too!

  • Dude ... I'll spot him the $10g buy in to the WS of Poker ANY damn day

  • Not that this is a surprise but Carrie Muskat just tweeted this...#Padres have granted permission to #Cubs to speak with Jed Hoyer and Jason McLeod. Hoyer would GM.

  • as ever the Cubs mouthpiece (sorry Carrie) day late, dollar short

  • Patrick Mooney strikes me as a very interesting source ... and this piece confirms that thought ... a worthwhile read

  • In reply to MoneyBoy:

    Mooney been doing good stuff overshadowed by Kaplan a bit, who killed it, but Mooney with some nice analysis.

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    Gordon Eades was just on ESPN Radio. He confirmed the rumors about Selig's intervention.

  • In reply to Michael Caldwell:

    Pretty much as expected...who knows how long it would have taken otherwise.

  • In reply to Michael Caldwell:

    I still suspect it was the 'threat" of intervention that was the tipping point!!!

  • In reply to MoneyBoy:

    I think you're both right. I think Selig talked to him, and threatened him. You know the man can't like this going on during his World Series!

  • fb_avatar

    Eades hinted that MLB has given till Tuesday for the two teams to work out compensation.

  • Happy, happy day! Tomorrow is the first day of the rest of your life Cubbies. And what a first day it will be!

  • In reply to Break The Curse:

    I'm really looking forward to the winter meetings more than I have in years.

  • In reply to John Arguello:

    Getting the team in this early too, should really help them. They should be fully ready for those meetings.

  • This is unbelievable--the Cubs actually succeeded like a major player at the table. It also is amazing that they still have not worked out compensation with the Red Sox. It is a credit to someone involved in the negotiations, however, that each side agreed to get on with its life without the package being complete. This whole thing is unreal. I can't even believe the Cubs have accomplished. Even that Theo wanted to come here is amazing. All credit goes to the Ricketts family.

  • In reply to johnbres2:

    Absolutely. Now, and after the Cubs win the Series, I see Ricketts as the savior, gettin by with a little help from his (new) friends.

  • In reply to johnbres2:

    It truly is more than any of us expected. There may be more to come. Word is Theo still wants Boston VP of Baseball OPS Brian O'Halloran. It's going to be one heck of a front office. Can't wait to go into a winter where I'm looking forward to Cubs signings and trades.

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