It's official, Theo Epstein is the President of Baseball Operations of the Chicago Cubs. Check back tomorrow for all the details.
Update Saturday 10:30am
Theo Epstein has joined the Chicago Cubs on the team's President of Baseball Operations. The compensation to the Red Sox has not yet been announced, but the two sides have reached an agreement as to the process that will be taken. The compensation issue will be worked out soon. If the compensation process does not work, Bug Selig will make the final decision.
With the World Series going on, the official announcement will be made on Tuesday, an travel day for the Cardinals and Rangers. Neither club will have further comment until that time.
A few days after Epstein's press conference, several more announcements are expected to be made. Padres general manager Jed Hoyer and assistant GM Jason McLeod are expected to join the Cubs organization as the GM and assistant GM respectively. Hoyer is set to sign a five year deal with a Cubs. The compensation to San Diego is expected to be a low level minor leaguer.
Crane Kenney will remain with the Cubs organization, but his title will change to President of Business Operations.
That's it for now, but we'll have much coverage of this story this weekend and early next week.
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