10/13 Cubs, Red Sox talking re: compensation
Theo Epstein can’t simply pack up his office at Fenway Park and move his belongings to Wrigley Field. Epstein has reportedly agreed in principle to a five-year deal to join the Cubs, worth between $15 million and $18.5 million. But because he has one year remaining on his contract with the Red Sox, the two teams must resolve compensation and who, if anybody, can accompany Epstein from Boston.
According to sources Thursday, Cubs chairman Tom Ricketts is handling the negotiations with the Red Sox regarding possible players who could be exchanged. The Cubs also could send cash, or a combination of players and cash. According to reports, the Cubs will not surrender any Major League players.
Assistant GM Ben Cherington was expected to take over as Red Sox general manager if Epstein leaves. But Epstein would most likely want others from the Boston staff as well.
The Cubs declined to comment Thursday on the reports or the general manager search.
– Carrie Muskat