10/12 Waiting for Theo – UPDATE
SI.com’s Jon Heyman has confirmed an earlier report Wednesday by Boston radio WEEI’s John Dennis that Theo Epstein has agreed on a five-year, $15 million deal with the Cubs. What’s still to be determined is Epstein’s title with the team and compensation. He has one year remaining on his contract with the Red Sox. The Cubs will not surrender Major League players, according to reports, but could send prospects or cash. According to Heyman, the Red Sox prefer cash.
The Cubs will not comment on the reports.
— Carrie Muskat