Cubs, Red Sox Nearing Epstein Deal

The Red Sox and Cubs are working toward an agreement that would send Theo Epstein to Chicago and one or more prospects to Boston. We learned earlier in the week that Epstein could bring former colleagues and current Padres executives with him to Chicago in a separate deal. Jed Hoyer, Josh Byrnes and Jason McLeod of the Padres worked with Epstein in Boston. Here's the latest on the negotiations with the most recent updates up top:

  • "A lot would have to happen" for a final deal to be announced tomorrow, a source tells Scott Miller of CBSSports.com, though it's still possible.  Miller also reports that Hoyer will receive a five-year contract, just like Epstein, and the Cubs will send the Padres "one or two lower-level minor leaguers" as compensation for Hoyer.
  • The sides have agreed to "nothing" in terms of compensation, according to Sean McAdam of CSNNE.com.
  • Epstein has been working at his Red Sox office all day, according to Nick Cafardo of the Boston Globe (on Twitter).
  • Ken Rosenthal of FOX Sports reports that Padres assistant general manager Jason McLeod will join Hoyer and Epstein in Chicago. McLeod was Boston's amateur scouting director under Epstein before leaving for San Diego with Hoyer after the 2009 season.
  • The Red Sox are less optimistic than the Cubs that a deal for Epstein is near, according to Michael Silverman of the Boston Herald. "There seems to be a fundamental divide in the way the two clubs look at this," said Silverman's source.
  • The Red Sox and Cubs are "finalizing" the deal, according to Bruce Levine of ESPNChicago.com. They're expected to announce the deal tomorrow. It would not include Brett Jackson, Trey McNutt, Matt Szczur or cash. MLB has told the Cubs they can have a news conference tomorrow, a World Series travel day, according to Levine. 
  • However, Red Sox assistant GM Ben Cherington told Nick Cafardo of the Boston Globe that reports of a deal are "premature" (Twitter link). Cherington says there's nothing new to report this morning.
  • The Cubs will name Jed Hoyer their GM within a few days, according to Levine (Epstein would be the club's president of baseball operations). However, the Cubs have not officially asked for permission to interview Hoyer. The Padres will make Josh Byrnes their GM and won't demand compensation for losing Hoyer, according to Levine.
  • The Red Sox and Cubs are making progress and the sides could announce a deal by tomorrow, according to Peter Abraham of the Boston Globe. Commissioner Bud Selig may allow the teams to make an announcement during the World Series so they can proceed with their offseason planning. The Red Sox are optimistic about reaching a settlement soon.

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