Blog Entry

Report: Epstein accepts 5-year deal with Cubs

Posted on: October 12, 2011 10:12 am
Edited on: October 13, 2011 10:23 am
By Matt Snyder

We have yet another step toward what appears to be the inevitable. Red Sox general manager Theo Epstein is still under contract with the team through 2012 and nothing is official yet, but with each passing minute, it becomes more apparent he's going to be the Cubs next GM.

The latest is that he has agreed to a five-year, $15 million deal with the Cubs, per This report states the deal will be finalized by the end of the week and that the Cubs have not yet decided on a title for Epstein. It also notes the final holdup in negotiations: Compensation for the Red Sox, which will likely be some combination of money and prospect(s).

The Boston Globe is reporting
Epstein has accepted the offer and that while it's still possible for Epstein to change his mind, it's a near-certainty that he's off to Chicago. The Globe also adds that, as expected, Red Sox assistant GM Ben Cherington is expected to be named Epstein's replacement in Boston.

Taking in the entire buzz from reporters on Twitter Tuesday night, expect Epstein to be named something like President and CEO. Compensation is reportedly going to be one or two prospects, maybe even high-level ones, but no major-league players.

Epstein to Cubs?
Epstein, 37, was named the Red Sox general manager after the 2002 season. Under his watch, the Red Sox won the World Series in 2004 and 2007 after previously having not won it since 1918. Epstein grew up in the Northeast and attended Yale University, so he had ties to the Boston area anyway, but recent reports have indicated he might be looking for a new challenge.

The Cubs offer up that challenge. Not only have the Cubs not won the World Series since 1908, but the franchise doesn't appear close to being competitive right now, with a bad major-league product and not much more in the organizational pipeline. Then again, there is more than $50 million in salary coming off the books this season and even more coming off after next season. With a rabid fan base desperately seeking a title and lots of resources at hand, Epstein could very well become the man who broke two alleged curses (first, the Bambino, second, the Billy Goat).

This is still not a done deal, but it would be pretty shocking if it fell apart now. Things have progressed to a point where Epstein seems sealed and delivered to Wrigley Field.

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Since: Mar 20, 2009
Posted on: October 12, 2011 1:53 pm


As a Cubs fan, I can only say....

He's an upgrade from Hendry. 

Since: May 30, 2008
Posted on: October 12, 2011 1:50 pm

Report: Epstein has 5-year deal with Cubs

IUforever....thank you for the best comment I have read in a LONG while.  You are exactly right....why not Theo?  His track record is unbelievable with 2 WS Championships in the past 7 years.  It is all upside for the Cubs to take a chance on him...he's only 37, he is a proven winner and hopefully he will build us a winner.  Red Sox fans should be sad and upset but jeez they should also say good luck and thanks for helping Boston win 2 championships after 86 years of futility.  Man how quick fans forget.

Since: Nov 30, 2007
Posted on: October 12, 2011 1:46 pm

Report: Epstein has 5-year deal with Cubs

ESPN says its a 5 year $20 million deal. But it includes a bonus from the Red Sox. This is why I dont come to this site very often. They dont know the whole story.

Since: Nov 7, 2008
Posted on: October 12, 2011 1:43 pm

Report: Epstein has 5-year deal with Cubs

I don't know of a 4th major sport?
Um, the NHL?  As a person who is supposedly from Chicago, a place where every game sells out now (thanks to Wirtz dying), the NHL is doing quite well....

Since: Jan 8, 2007
Posted on: October 12, 2011 1:34 pm

Report: Epstein has 5-year deal with Cubs

Yet more false hope for Cubs fans. Still wont win anything. Go CARDS!

Since: Apr 26, 2011
Posted on: October 12, 2011 1:33 pm

Report: Epstein has 5-year deal with Cubs

I wouldn't categorize him as a "loser".  And baseball is the 2nd sport in america, with the NBA a distant 3rd.  I don't know of a 4th major sport?

Since: Dec 28, 2006
Posted on: October 12, 2011 1:33 pm

Report: Epstein has 5-year deal with Cubs

A lot of sour grapes Boston fans are complaining that Epstein sucks and the Cubs are stupid for hiring him.  Tell me, then, what do you want the Cubs to do?  Who should they hire?  We're talking about a team that hasn't won a WS in 103 years and was in the cellar for the past two years (and probably will be next year).   My thanks goes to the Ricketts family for attempting to better the franchise by hiring someone with a proven track record.

Since: Mar 17, 2008
Posted on: October 12, 2011 1:27 pm

Report: Epstein has 5-year deal with Cubs

The Cubs will win a pennant in the next 2 years and a world series trophy within 5.   This is a coup for Chicago and while we will see what the Red Sox do, unless they are very very fortunate, it is difficult to see how they can get an upgrade on Theo or Francona.  They still have a great deal of talent, but I don't think these moves bode well for at least the short term for Boston.

Since: May 4, 2011
Posted on: October 12, 2011 1:18 pm

Report: Epstein has 5-year deal with Cubs

Wow, Loser??? I forgot we live in a what did you do for me today society...He won (2) world series for boston in less than (10) years.... and as I recall they had not won anythin in a while..a long while. Loser? Get real buddy...go stand outside with those wall street clones.

Since: Feb 10, 2010
Posted on: October 12, 2011 1:17 pm

Report: Epstein has 5-year deal with Cubs

Previous rumors had Theo trying to get Ryne Sandberg as a manager within Boston's organization -- I think with the AAA club at Pawtucket.  This could very well bode well for Sandberg's future within the Cubs organization.

I think that Theo will well be able to dispell talk that he can only manage a large payroll team.  I'd anticipate that the Cubs will be building from within very quickly.

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