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Theo Epstein Signing With Cubs Reactions

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This morning we learned that Theo Epstein agreed on a five-year deal worth more than $15MM with the Cubs.  Here' s a look at some of the reactions and fallout from around baseball..

  • Brian MacPherson of The Providence Journal outlines some Cubs prospects that the Red Sox could receive as compensation for Epstein.
  • Cardinals GM John Mozeliak says that the Cubs' signing of Epstein means that the NL Central is about to get even stronger, write Matthew Leach, Joe Frisaro, and Alden Gonzalez of MLB.com.
  • Would Yankees GM Brian Cashman be interested in the new Red Sox GM vacancy?  It doesn't seem that way, writes Andrew Marchand of ESPNNewYork.com.  "I have a job," said Cashman when asked about the possibility of leaving for Boston.  Nothing official has been agreed upon yet, but Cashman is expected to sign a new deal with the Yankees in the near future.
  • Epstein's new average salary of $3MM is unlikely to affect Cashman's next deal with the Yankees, tweets Ken Rosenthal of FOX Sports.  Epstein's previous salary was roughly $2.5MM and Cashman will likely see a bump from his current $2.2MM average.
  • Joel Sherman of the New York Post (via Twitter) heard that the Red Sox wanted to keep Epstein, but the GM made it clear that he would be leaving when his contract expired after 2012 .  Epstein would have earned $3MM with a $4MM parachute payment at the year's end.  That prompted the club to approve his discussions with the Cubs.
  • Ben Cherington is expected to be the next GM of the Red Sox and Dan Duquette had nothing but kind things to say about the long-time exec, writes Scott Lauber of the Boston Herald.
  • In an interview on WEEI's "Mut & Merloni" show this morning, Peter Gammons said that he's "sickened" by the criticism he has heard of former Red Sox skipper Terry Francona, writes Justin Doubleday of WEEI.com.  As for the matter of compensation, Gammons says that he could see the Red Sox receiving someone like 23-year-old center fielder Brett Jackson.

Cubs Agree To Deal With Theo Epstein

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11:56am: There's some discussion as to whether the Red Sox will obtain minor leaguers or cash from the Cubs, according to Jon Heyman of SI.com (on Twitter). It appears that the Red Sox prefer cash.

10:00am: The Cubs' overall payout to Epstein will be closer to $20MM than $15MM, because they're responsible for paying a $3.5MM conclusion bonus that he had negotiated into his contract with the Red Sox, according to ESPN.com's Buster Olney. MLB has monitored the Cubs' negotiations with Epstein, since there's concern that his deal will change the market for general managers. Epstein's salary will be similar to the one the Red Sox paid him, Olney notes (on Twitter). He was the Cubs' first choice and has met with them twice.

8:13am: Theo Epstein has agreed on a five-year deal worth more than $15MM with the Cubs, according to WEEI's John Dennis. The deal could be finalized this week, once the teams work out compensation and the Cubs decide on a title for the longtime Red Sox GM.

The Cubs were "on the cusp" of a deal with Epstein last night, but Boston's ownership still appeared interested in retaining Epstein. However, Jon Heyman of SI.com hears that Red Sox owner John Henry isn't the type to "chase" if he knows someone wants to leave (Twitter link).

The Cubs won't surrender Major League players or take on bad contracts in the deal, but they may send prospects and/or cash to the Red Sox. It appears that Epstein will need Boston's approval to bring employees with him.

Ben Cherington, Epstein's current assistant GM and likely replacement, spoke to MLBTR for our GM Candidates series. Alex Speier of WEEI.com chronicles Cherington's rise through Boston's organization.

Epstein ‘On Cusp’ Of Deal With Cubs

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8:25pm: ESPN's Karl Ravech hears that the compensation would involve prospects and/or cash, but no MLB players. Pete Abraham of the Boston Globe hears that the Red Sox wouldn't saddle the Cubs with bad contracts in the proposed arrangement and notes that Epstein remains undecided about the possible change (Twitter links).

8:05pm: Epstein would need Boston's approval to bring employees with him to Chicago, according to ESPN.com's Buster Olney (on Twitter). Carrie Muskat of MLB.com hears that the Cubs made an offer and Epstein is now deciding whether to leave the Red Sox (Twitter link).

7:20pm: Epstein's nearing a deal with the Cubs, Sean McAdam of CSNNE.com confirms. The deal isn't done yet, as some issues other than compensation have to be resolved. Meanwhile, Yahoo's Tim Brown hears that Red Sox ownership is making a play to keep Epstein, but won't ask him to continue in a job he doesn't want (Twitter link).

5:44pm: Boston GM Theo Epstein is "on the cusp" of leaving the Red Sox for a job with the Cubs, according to Steve Buckley of the Boston Herald. Red Sox ownership still hopes to retain Epstein and if he is to leave, Boston will demand "something real" as compensation.

Epstein's proposed deal with the Cubs would include more power than he has in Boston, according to Buckley. The teams could make an announcement within a day or two and the situation will be "resolved very soon."

When Cubs chairman Tom Ricketts outlined his ideal GM candidate after firing Jim Hendry, he said he wanted someone with a commitment to player development and a strong analytical background who came from a background of success. Epstein, who became Boston's GM in 2002, certainly qualifies.

The Red Sox won two World Series titles under Epstein (2004, 2007) and have made six playoff appearances since 2003. They missed the postseason for the second consecutive year in 2011 after a September slide that cost manager Terry Francona his job. Our Transaction Tracker has every one of Epstein's moves as GM. Check out Tim Dierkes' look ahead to the Cubs' offseason for a preview of Epstein's first winter in the Windy City.

Papelbon Discusses Free Agency

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"It really truly isn't all about the money," closer Jonathan Papelbon told WEEI's Rob Bradford.  In that case, he would have remained a starter.  Instead, the impending free agent says, "I'm going to a place where I know I'm going to succeed. I'm going to a place where I know I have a chance to win a championship. I'm going to a place where I know that my family is going to be safe, my family is going to like the environment, and everything else that goes along with off-field stuff."

The door is still open for Papelbon to return to the Red Sox, though no talks have occurred yet.  Papelbon told Bradford that he told Sox GM Theo Epstein, "Listen man, if you ever need anything, I'm here for you whether I'm going to be back here or whether I'm not going to be back here."  Papelbon has set arbitration records for closers the past three years, but says contract talks were "extremely easy for both sides."

The next step may be the Red Sox offering arbitration to the 30-year-old stopper, who qualifies as a Type A free agent.  Last year November 23rd was the deadline to offer arbitration to free agents, but it appears the deadline might be November 30th this year.

Top closers Papelbon and Ryan Madson will likely be vying to become the first free agent relievers to sign four-year deals since Francisco Cordero and Scott Linebrink four years ago.

AL East Links: Red Sox, Jays, Yanks, Sabathia, O’s

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Some links from the only division with three 90-win teams in 2011…

  • WEEI.com's Alex Speier reports that the Red Sox will not interview anyone for their managerial opening until the status of GM Theo Epstein is resolved. The Cubs have asked permission to talk to Epstein about their GM vacancy.
  • SI.com's Jon Heyman reports (on Twitter) that teams are showing trade interest in Joey Votto, and "speculation around the game" is that the Blue Jays will be in the mix. Earlier tonight we heard that the Reds have not discussed trading Votto, however.
  • Unsurprisingly, the Yankees are looking for starting pitching and left-handed relievers, tweets Heyman. Our free agent list shows a number of attractive lefty relief options.
  • Amber Sabathia, wife of Yankees ace CC Sabathia, told Ken Davidoff of Newsday that her family is "definitely invested" in New York and that she considers it to be their home. Sabathia can choose to opt-out of his seven-year, $161MM deal this winter.
  • MLB.com's Britt Ghiroli looks both back and ahead with regards to the Orioles front office. President of baseball operations Andy MacPhail is stepping down when his contract expires at the end of the month.

Central Notes: Ventura, Ordonez, Sizemore, Epstein

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If the Tigers win the ALCS, we could see the first all-Central World Series since St. Louis topped Detroit five years ago.  Today's AL and NL Central links…

  • The White Sox announced they'll introduce new manager Robin Ventura tomorrow at an 11am central time press conference.  ESPNChicago's Doug Padilla reported today that Mark Parent will come aboard as Ventura's bench coach and Joe McEwing will serve as the third base coach.  Jeff Manto is ahead of Tim Laker in terms of hitting coach candidates, Padilla reports.
  • The Tigers' Magglio Ordonez re-fractured his ankle Saturday, reported MLB.com's Jason Beck.  The right fielder will see specialists after returning to Detroit, tweets Tom Gage of the Detroit News.  Ordonez, 38 in January, is eligible for free agency this winter.
  • "It seems highly unlikely" that the Indians will exercise their $8.5MM club option on center fielder Grady Sizemore, opines MLB.com's Jordan Bastian.  The Indians revealed Tuesday that Sizemore had a right knee arthroscopy but is expected to be ready for Spring Training.  Should the 29-year-old reach free agency, I'd rank him around 30th on my top 50 list.
  • A rival executive talked to ESPN's Buster Olney on Red Sox GM Theo Epstein and the Cubs: "If he met with the Cubs, what it means is that if he gets the offer he wants, he's gone [to Chicago]."  Earlier today, however, SI's Jon Heyman wrote that most baseball insiders "believe it's more likely than not [Epstein will] remain in Boston, at least for now."
  • Brewers reliever Francisco Rodriguez reflected on this summer's trade, telling Mike Puma of the New York Post, "I'm winning, and [the Mets] needed pretty much to get rid of me."  K-Rod told Puma he holds no grudge toward the Mets.
  • Of the 11 Pirates players eligible for arbitration this winter, only Joel Hanrahan, Jeff Karstens, Charlie Morton, and Evan Meek are absolutely certain to be tendered contracts, writes MLB.com's Jenifer Langosch.  She notes that "if the Pirates do not intend to tender a contract to someone on the list, there is a good chance that player will be removed in November so that the Pirates can open up roster spots to protect players from being taken in the Rule 5 Draft."  Click here for MLBTR's projected salaries for the Pirates' arbitration group. 
  • The chances of lefty Paul Maholm returning to the Pirates next year are less than 50-50, in the opinion of Langosch.  I'd say Maholm ranks toward the back end of the top ten free agent starters this winter.
  • Check out my offseason outlooks for the Cubs and Astros.

Quick Hits: Votto, Anderson, Red Sox, Dodgers

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Links for Sunday evening as the Brewers have jumped out to a 1-0 lead over the Cardinals in the NLCS..

  • The Reds need to ask themselves if they believe that they can pay Joey Votto a market-value contract after 2013, writes Buster Olney of ESPN.com.  If the Reds don't believe that they can pay him, Olney writes that history says that they should move him between now and July 31, 2012.
  • The Red Sox could use Lars Anderson as a trade chip this offseason, writes Brian MacPherson of The Providence Journal.  The 24-year-old first baseman is stuck behind Adrian Gonzalez and MacPherson identifies several teams who would be interested in the youngster.  Anderson was nearly shipped to the Athletics in a deal for Rich Harden in July.
  • Steve Dilbeck of the Los Angeles Times doesn't expect to see the Dodgers make many changes this winter.  If Ned Colletti & Co. don't sign a bopper in free agency, that leaves trading for a big bat and the club doesn't have much to offer in return.
  • Tigers closer Jose Valverde represents yet another ex-Astros player achieving success elsewhere, writes Stephen Goff of Examiner.com. 
  • Brewers right-hander Shaun Marcum sees a bright future for his former teammate, Cardinals lefty reliever Marc Rzepczynski.  Marcum, who will start Game 2 of the NLCS on Monday, played with Rzepczynski in Toronto.

Quick Hits: Payrolls, Jay, Wilson, Epstein

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Here are some links to check out before the NLCS kicks off later this afternoon..

  • Michael Hunt of the Milwaukee Journal-Sentinel points out that the somewhat low payrolls of the remaining playoff teams are examples of the importance of drafting, scouting, and player development. The Tigers have the largest payroll (10th), while the Cardinals (11th), Rangers (13th), and Brewers (17th) round out the pack. It's also worth noting that the Diamondbacks rank 25th and the Rays were 29th.
  • The progress of center fielder Jon Jay allowed the Cardinals to trade Colby Rasmus at the deadline, GM John Mozeliak told Tom Timmermann of the St. Louis Post-Dispatch.  Edwin Jackson, Marc Rzepczynski, and Octavio Dotel have been key parts of the team's drive to the NLCS.
  • Some people think that C.J. Wilson has keen interest as a free agent in New York, tweets Jon Heyman of Sports Illustrated.  He adds that the Yankees are probably the early favorite to sign him.
  • A Lakeview, Illinois resident is "99.9 percent sure" that he saw Red Sox GM Theo Epstein at a Starbucks in Lincoln Park, writes Paul Sullivan of the Chicago Tribune.  Boston ownership has yet to acknowledge a report that the Cubs have asked for permission to talk to Epstein.
  • The Angels continued their front-office purge by not renewing the contract of player development director Abe Flores, a major league source told Mike DiGiovanna of the Los Angeles Times.  Flores spent four seasons as the team's player development director after spending the previous six as the team's manager of baseball operations.
  • No matter what kind of career pitcher Pedro Strop has, the trade for left-hander Mike Gonzalez at the August deadline was worth it for the Rangers, writes Richard Durrett of ESPNDallas.com. 

Cafardo On Epstein, Red Sox, Sabathia, Rays

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If Theo Epstein winds up taking the Cubs' GM job, then the spotlight again will be directed at Red Sox president/CEO Larry Lucchino, writes Nick Cafardo of the Boston Globe.  Even if the club tabbed longtime exec Ben Cherington as general manager, it would take time before Cherington would have complete control over the operations.  Here's more from Cafardo..

  • There's growing sentiment that C.C. Sabathia will opt out of his contract with the Yankees.  The Red Sox, Angels, Dodgers, Tigers, and Giants are among the usual suspects if the lefty hits the open market.  Boston, however, might have doubts about Sabathia.  Cafardo wonders if the front office would take on another sizeable pitching contract and add another overweight pitcher.
  • The Rays will be able to make their rotation even scarier by adding 22-year-old Matt Moore to it.  Tampa Bay also has righty Alex Cobb and lefty Alex Torres ready for the majors.  The Rays could parlay their pitching depth into offense by trading Cobb, Torres, Jeff Niemann or Wade Davis if need be.
  • The feeling is that Padres skipper Bud Black has a real chance of becoming the Angels next GM.  Black, who is good friends with Mike Scioscia, doesn’t have front office experience but has a pitching expertise that would make him valuable in that position.
  • Former Mets GM Omar Minaya thinks that Willie Randolph, Chip Hale, Tim Wallach, and Ryne Sandberg would all be good fits to manage in Boston.  Minaya is currently an analyst for the MLB Network and is mulling over a few offers to return to baseball as an adviser to a GM.  He expects to make a decision as the winter unfolds.
  • Red Sox third base coach Tim Bogar could be retained when a new manager is named.  There has also been speculation that Bogar is a candidate for bench coach under new White Sox manager Robin Ventura.  Cafardo gives the White Sox credit for being decisive and hiring Robin Ventura rather than wait for a big name like Tony La Russa.
  • Former Red Sox coach John McLaren is managing the Chinese national team and might be a candidate to become bench coach with the Mets.

Red Sox Notes: Epstein, Wallach, Lackey, Padres

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Here's the latest from Fenway Park…

  • "People around the game [are] getting [the] idea that" Theo Epstein will likely remain as Boston's GM, reports Jon Heyman of Sports Illustrated (Twitter link).  Yesterday, Heyman reported that "a slight majority" of people around baseball believed Epstein would turn down a job offer from the Cubs.
  • Dodgers third base coach Tim Wallach is under consideration for the manager's job, reports Michael Silverman of the Boston Globe.  Wallach "is still at the stage of being considered for an interview," according to several sources.  Wallach's name was mentioned in connection with the open managerial jobs with the Dodgers, Marlins and Blue Jays last winter.
  • A Padres official tells Tom Krasovic of the Inside The Padres blog that it "is not farfetched at all" that San Diego would consider a trade for John Lackey this winter.  Krasovic thinks Lackey could benefit from pitching at Petco Park and reuniting with Bud Black, who was Lackey's pitching coach with the Angels.  Krasovic proposes a trade that would require Boston to pay most of Lackey's salary, take Orlando Hudson in return and also send "a young big leaguer or a good prospect, or two" back to the Padres.  It sounds lopsided in San Diego's favor, but given how low Lackey's stock has fallen, the Red Sox will have to meet similar trade criteria in any potential Lackey deal.
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