Tag:Randy Smith
Posted on: October 12, 2011 6:14 pm
 

Don't underestimate compensation in Theo-ball

Talk about a golden autumn for general managers. Billy Beane goes Hollywood in "Moneyball." Theo Epstein is about to go Wrigleyville in "Cubbyball."

What's next, the Martin Scorsese HBO documentary treatment for Brian Cashman?

Make no mistake, the Red Sox are on the verge of completing their most historically impactful deal since owner Harry Frazee sold Babe Ruth to the Yankees in 1919.

Whatever side you're on in what suddenly has become a vengeful Theo Divide, the facts are that the man constructed two World Series winners in Boston. Whether or not he's run his course, whether he fueled the Red Sox's downhill slide by signing free agents John Lackey, Julio Lugo and Carl Crawford, he still brought two World Series titles to town.

You agree to allow that man out of his contract so he can move to the Cubs, it is a pivot point in franchise history.

While the principles for both the Cubs and Red Sox remained underground Wednesday, indications were that Epstein and the Cubs are handshake-deal close, if not even deeper into their budding new relationship.

Which does not necessarily mean it becomes official tonight or even tomorrow, for one very large reason.

Compensation.

That's the next step in this enormously complicated transaction, and it is significant enough to probably delay this deal from being completed for at least a day or two, and possibly through week's end, or the weekend.

Where Boston owners John Henry and Larry Lucchino are concerned, even if they've run their course with Epstein, both industry sources and Lucchino's history suggest that the Red Sox will extract a significant price from the Cubs before allowing Epstein out of the final year of his Boston deal.

Few in the industry are as sharp and as ruthless as Lucchino, whose negotiating tactics one industry source described as "conceal and delay" until usually gaining what he wants.

There are at least two schools of thought in the industry regarding what the Red Sox ultimately will demand from the Cubs.

The first goes like this: The Red Sox are loaded financially, and as such, will demand players in return. This isn't a franchise that needs more money.

But the flip side is this: If Boston receives, say, two second-tier players in exchange, then those players always will be linked to Epstein. And if he wins a World Series with the Cubs and the players fade as second-tier prospects usually do, then that becomes a lifetime source of embarrassment for the Red Sox.

Whereas, if an organization already flush with cash simply takes a few million back in compensation, that money will fade into history no matter what Epstein does in Chicago. Without a human face a prospect (or two or three) would bring back, the Red Sox could position the post-Theo narrative however they wish, explaining that they used the money to sign Free Agent A or toward Blue Chip Draft Pick B.

Though it happened more than a decade ago, it is instructive to look back to the end of the 1995 season, when Lucchino was president of the San Diego Padres and then-general manager Randy Smith turned in his resignation on the last weekend of the season so he could become Detroit's GM.

Because the Padres held a club option on Smith's contract, Lucchino refused to accept his resignation -- even though it was believed at the time that the Padres were not going to pick up Smith's option. Arduous negotiations then began for Smith's exit.

Lucchino finally allowed Smith to leave, but only after ensuring that Smith, in Detroit, would not be able to poach San Diego's front office, nor its farm system.

The separation agreement included a one-year moratorium on Detroit claiming any Padres players in the Rule V draft, as well as an agreement prohibiting Smith to take any Padres employees with him to Detroit.

A month later, the Padres did not renew the contracts of Steve Lubratich and Randy Johnson, and Smith hired Lubratich as an assistant GM in Detroit and Johnson as a special assistant/major-league scout.

"Larry's tough, there's no question about it," said Smith, now the Padres' director of player development, Wednesday from Arizona, where he was seeing San Diego's Instructional League club. "He's smart, and he's tough."

Right now, before they can finalize the deal with Epstein, that's the next path through which the Cubs must traverse.

 
 
 
 
The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com