2/21 Compensation – UPDATE

How much is Theo Epstein worth? Chris Carpenter and a player to be named. The Cubs and Red Sox settled the compensation matter for Epstein on Tuesday, sending Carpenter and a player to be named to the Red Sox for a player to be named. Major League Baseball commissioner Bud Selig did not make the decision; the two clubs were able to finalize it on their own. This had been unresolved since late October when Epstein left the Red Sox with one year remaining on his contract to become the Cubs president of baseball operations. The compensation was to be a player off the 40-man, and some of the candidates included Jeff Beliveau, Alberto Cabrera, Casey Coleman, Rafael Dolis, John Gaub, Scott Maine, Marcos Mateo, James Russell.

Carpenter, 26, last year combined to make 42 relief appearances between Double-A Tennessee, Triple-A Iowa and the Cubs, his first Major League action. The right-hander spent most of his time with Iowa, going 2-3 with one save and a 6.53 ERA in 22 Triple-A relief outings. Carpenter posted no record and a 2.79 ERA in 10 relief outings in the majors and went 1-1 with a 4.38 ERA in 10 relief appearances with Tennessee last year. Selected by the Cubs in the third round of the 2008 Draft, Carpenter is 21-19 with a 3.62 ERA in 96 outings (60 starts) in four Minor League seasons.

– Carrie Muskat