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Theo Epstein

Cubs, Red Sox Nearing Epstein Deal

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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.

Epstein, Hoyer To Join Cubs; Byrnes In As Padres’ GM

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2:18pm: The deal is done, according to Gordon Edes of ESPNBoston.com (on Twitter). Hoyer will join Epstein in Chicago and Byrnes will become the Padres' new GM.

10:47am: The Red Sox and Cubs are "finalizing" an agreement that would bring longtime Red Sox GM Theo Epstein to Chicago, according to Bruce Levine of ESPNChicago.com. The teams are expected to announce the deal tomorrow, as MLB has told the Cubs they can hold a news conference during the World Series travel day. Brett Jackson, Trey McNutt and Matt Szczur will not join the Red Sox in the trade, but another prospect will, according to Levine. 

The Cubs will name Jed Hoyer their GM within a few days, Levine reports (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.

Alex Speier of WEEI.com confirms that Epstein is expected to be named the Cubs' president of baseball operations with Hoyer joining him as general manager. Compensation between the Cubs and Red Sox hasn't been finalized yet, Speier reports. 

Epstein is "close" to joining the Cubs, Ken Rosenthal of FOX Sports confirms (on Twitter). Jon Heyman of SI.com confirms that Hoyer is also joining the Cubs and notes that Josh Byrnes is becoming San Diego's GM (Twitter links).

Padres Rumors: Front Office, Lackey, Bell

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The latest Padres rumors:

  • Cubs chairman Tom Ricketts met with Padres owner Jeff Moorad, Byrnes and Hoyer during the regular season finale, according to Bruce Levine of ESPNChicago.com.
  • Most baseball people expect Hoyer, not Byrnes, to join Epstein in Chicago, according to Jon Heyman of SI.com (on Twitter).
  • The Padres have internally discussed the possibility of acquiring John Lackey from the Red Sox if Boston takes on most of the right-hander's salary, according to Bill Center of the San Diego Union-Tribune.  Lackey pitched for the Angels when Padres manager Bud Black was the team's pitching coach. 
  • When Theo Epstein joins the Cubs, he'll likely bring along someone from the Padres front office, according to Center.  GM Jed Hoyer, assistant GM Jason McLeod and senior VP of baseball operations Josh Byrnes are candidates to join Epstein in Chicago. 
  • Contract talks have begun between the Padres and Heath Bell, tweets Center.  The Padres are aiming for a two-year deal with an option, while Bell wants three guaranteed years.  He's never had a multiyear deal in his career.  Center recently wrote that the Padres are in the two-year, $15-16MM range.  If no deal can be worked out, the Padres must decide by November 23rd whether to offer arbitration to the Type A reliever.
  • Theo Epstein wouldn't tell the people he'd want to bring to Chicago until he's officially part of the Cubs, a source close to Epstein tells Dan Hayes of the North County Times (Twitter link).  The source believes recent rumors are "just speculation."  Yesterday, SI's Jon Heyman reported that Epstein is interested in poaching some combination of top Padres executives Jed Hoyer, Jason McLeod, and Josh Byrnes.  Today, Heyman writes that Hoyer is "definitely in the mix for a job with the Cubs once Epstein officially goes to Chicago."  
  • Tom Krasovic thinks that if Hoyer joins the Cubs he'd bring McLeod with him.  Byrnes, a favorite of Padres owner Jeff Moorad, would likely become San Diego's GM.

Theo Epstein Rumors: Wednesday

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The Cubs and Red Sox could work out compensation for Theo Epstein today and announce the deal Friday, Peter Gammons of MLB Network said on WEEI’s Mut & Merloni show. Gammons also says the rebuilding process Epstein is about to undertake is “far greater” than the one he inherited in Boston nine years ago. Here are the latest rumors about Epstein with the most recent updates up top:

  • The Cubs-Padres talks appear to be developing more smoothly than the Cubs-Red Sox talks, according to Morosi (on Twitter).
  • There seems to be more optimism from the Red Sox today, according to Nick Cafardo of the Boston Globe (Twitter link).
  • Talks are going slowly and Boston’s asking price remains high, according to Jon Heyman of SI.com. 
  • The discussions were progressing well as of this morning, according to Jon Paul Morosi of FOX Sports (Twitter link).
  • We heard earlier today that the Padres could lose a high-ranking front office member when Epstein starts hiring in Chicago.

Theo Epstein Rumors: Tuesday

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The latest on the Cubs' attempt to add Red Sox GM Theo Epstein to their front office…

  • Epstein is actively looking to hire a general manager to join him in Chicago, according to Ken Rosenthal of FOX Sports. The 37-year-old is exploring GM candidates while he waits for the Red Sox and Cubs to work out compensation for his departure. The Cubs would bring Epstein in as their president of baseball operations and he would hire a general manager to assist with the daily grind of the job.
  • The Red Sox are "holding tough" on their asking price and don't anticipate resolution tonight, according to Nick Cafardo of the Boston Globe (on Twitter).
  • Hoyer told Marty Caswell of XX1090 Sports Radio that he's not going to comment on media speculation (Twitter links).  "I'm excited about what we continue to build here in San Diego," he said. 
  • The Cubs haven't asked for permission to talk to any Padres executives, according to Dan Hayes of the North County Times (Twitter link).
  • Carrie Muskat of MLB.com points out that obtaining Hoyer could prove difficult, as he is under contract through 2013 with an option for 2014 (Twitter link).  But Tom Krasovic of Inside the Padres doubts owner Jeff Moorad would hold up a deal if it meant Byrnes became the Padres' next GM (Twitter link).
  • Current Padres GM Jed Hoyer is being considered by the Cubs and Epstein, tweets SI's Jon Heyman.  In that scenario, Josh Byrnes would become the Padres' GM.  Heyman notes that the Cubs are also looking at Padres executives Byrnes and Jason McLeod for themselves, should Hoyer stay.  All the executives were once members of the Boston front office with Epstein.
  • Yesterday we learned that the Red Sox started out the Epstein compensation discussions by asking the Cubs for righty Matt Garza, which CSNNE.com's Sean McAdam says was "rejected out of hand."  Nick Cafardo of the Boston Globe says that "the sides slowly have moved their position to a more realistic center" as they discuss Cubs prospects.  
  • Cafardo says the Red Sox have been focusing on Trey McNutt, Brett Jackson, Matt Szczur, and Josh Vitters, the latter three labeled as unlikely by Patrick Mooney of CSNChicago.com yesterday.  McNutt and Andrew Cashner are unlikely as well, writes Paul Sullivan of the Chicago Tribune, while McAdam says McNutt's inclusion is "far from guaranteed at this point."
  • An announcement today has been ruled out, writes McAdam, with "significant work" remaining to reach an agreement on compensation.  He says Friday's World Series off-day is the earliest possibility, assuming the teams come to terms and get Bud Selig's permission for an announcement.  McAdam says that although progress has been made, the Cubs feel that precedent calls for minimal compensation while the Sox think this situation defies precedent.
  • McAdam writes that the issue of Epstein taking Red Sox employees with him is not an issue, with a mutual understanding in place that he will not raid Boston's baseball operations department. 
  • Most reports, including this one from Gordon Wittenmyer of the Chicago Sun-Times, suggest that the five-year, $18.5MM deal between Epstein and the Cubs is not in jeopardy.  Still, as Cafardo notes, both teams have a lot of team-building to do.    

Red Sox Wanted Matt Garza For Epstein

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The Red Sox asked the Cubs to include Matt Garza as compensation for GM Theo Epstein, according to Bruce Levine of ESPNChicago.com. However, the Cubs declined and the sides have moved on to minor leaguers. The Red Sox currently appear to be focused on Cubs pitching prospect Trey McNutt.

White McNutt is a valuable prospect, he's not as desirable as Garza. The 27-year-old right-hander posted a 3.32 ERA with 9.0 K/9 and 2.9 BB/9 for the Cubs this year and remains under team control through 2013. It's no surprise that the Red Sox were interested and it's equally unsurprising that the Cubs balked at Boston's request. The Cubs acquired Garza from the Rays in the January deal that sent Chris Archer, Hak-Ju Lee, Robinson Chirinos, Sam Fuld and Brandon Guyer to Tampa Bay.

Red Sox Focused On McNutt In Epstein Talks

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The Red Sox are "believed to be focused" on Cubs pitching prospect Trey McNutt in the Theo Epstein compensation talks, writes Patrick Mooney of CSNChicago.com.  Mooney says Cubs center field prospect Brett Jackson is "untouchable and not part of the discussions," while prospects such as Josh Vitters and Matt Szczur are considered unlikely.  A source close to the talks said the Red Sox have been asking for "ridiculous combinations," writes Kevin Goldstein of Baseball Prospectus.

McNutt, 22, posted a 4.55 ERA, 6.2 K/9, 3.7 BB/9, and 0.5 HR/9 with 120 hits allowed in 95 innings for the Cubs' Double-A affiliate this year.  Baseball America ranked him second among Cubs prospects heading into the season and he was a consensus top 70 prospect in the game.  McNutt dealt with blister problems and bruised ribs in a disappointing 2011 season, and is currently pitching in the Arizona Fall League.  ESPN's Keith Law scouted him there, noting "great velocity but well-below-average command and control."

The World Series, scheduled to begin Wednesday, seems to serve as a deadline for the talks between the Cubs and Red Sox.  That is the latest point the Red Sox expect a resolution, writes Michael Silverman of the Boston Herald.  One major holdup is determining which front office members Epstein can take with him to Chicago.  Silverman's informed speculation suggests Red Sox vice president of baseball operations Brian O'Halloran, special assistant to the GM Dave Finley, and head athletic director and assistant director of medical services Mike Reinold "could be part of Epstein's request."  Senior vice president of baseball operations Josh Byrnes and assistant GM Jason McLeod could be candidates to come from the Padres.       

Central Notes: Tigers, Astros, Cubs, Wolf

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The Tigers' elimination from the postseason should lead to a handful of postmortems over the next few days, and we've got one in this batch of links …

  • The Tigers are set with nearly all of their core players under team control, writes Jason Beck of MLB.com, but they'll have to address their need for some complementary players. In particular, Detroit will have to look at shoring up second base, third base and right-handed relief. Beck also wonders whether the Tigers will consider signing shortstop Jose Reyes and moving Jhonny Peralta over to the hot corner.
  • Despite recent reports that Jim Crane will be approved as next Astros owner in November, Richard Justice of the Houston Chronicle is "still not sure that's going to happen." MLB, extremely conscious of its image and the the images of its teams and owners, appears uncomfortable with aspects of Crane's background, according to Justice, including past allegations of discrimination, enumerated here in a Forbes.com report.
  • Although compensation negotiations between the Cubs and Red Sox are reportedly becoming contentious, Alex Speier of WEEI.com opines that the deal is virtually inevitable, because too many interested parties want it to go through.
  • Brewers lefty Randy Wolf has resurrected his career the past few seasons after missing a sizable chunk of his prime years to injury, writes Stephen Goff of the Houston Examiner. Wolf parlayed his brief stint with the Astros in 2008 into a one-year deal with the Dodgers and then a three-year pact with the Brewers. Houston GM Ed Wade wanted to re-sign Wolf after 2008, explains Goff, but felt he didn't have the payroll flexibility.

Theo Epstein Compensation Links: Sunday

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Yesterday it was reported that talks have grown "increasingly contentious" between the Red Sox and the Cubs as they try to figure out what Boston will receive for relinquishing the rights to Theo Epstein.  The Red Sox are looking to get prospects in return for their former GM while the Cubs want to complete the deal with just cash.  Here's the latest on the talks..

  • A deal might not get done by Tuesday but the Red Sox think that the compensation talks with the Cubs will end before the World Series begins on Wednesday evening, writes Michael Silverman of the Boston Herald.
  • All signs point toward a resolution by Tuesday, the day after a potential NLCS Game 7 and the day before Game 1 of the World Series, writes Silverman.  The asking price for Epstein could increase as it is believed that he is looking to bring some BoSox staffers with him to Chicago.  As of yesterday, there were no plans in place for any other Red Sox personnel to join the Cubs.

Theo Epstein Compensation Links: Saturday

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It's been three days since Red Sox GM Theo Epstein agreed to a five-year contract worth $18.5MM to take over as GM of the Cubs, and now the two teams are discussing compensation for Boston letting Epstein out of the final year of his contract. Yesterday we learned that the Cubs would like to complete the deal with just cash, but the Sox want "something real" in return. Let's keep track of today's compensation talk news here, with the latest up top…

  • Peter Abraham of The Boston Globe hears from a source that talks are "business-like, civil and moving forward over the weekend." (Twitter link)
  • Brett Jackson will not head to Boston as compensation, tweets MLB.com's Carrie Muskat.
  • At the moment, no other Red Sox personnel will be joining Epstein in Chicago, tweets Nick Cafardo of the Boston Globe.
  • David Kaplan of CSNChicago.com reports that talks between the two sides have grown "increasingly contentious." A source told Kaplan that Boston president Larry Lucchino is "trying to make it very difficult for Epstein to accept his dream situation in Chicago because of his fractured relationship with his one-time protege."
  • The Red Sox "are believed to be requesting at least two top players from the Cubs’ farm system," according to Scott Lauber of The Boston Herald.
  • Paul Sullivan of The Chicago Tribune says talks are not expected to be completed this weekend.

MLBTR's Mark Polishuk also contributed to this post

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