facebook
twitter
search
search

Reports: Epstein, Cubs agree on 5-yr. deal

Oct. 12, 2011 at 6:44 PM

BOSTON, Oct. 12 (UPI) -- Boston Red Sox General Manager Theo Epstein has reached a five-year deal to join the Chicago Cubs, multiple reports indicated Wednesday.

The Boston Globe, citing two unnamed sources, reported Epstein will officially leave the Red Sox next week and join the Cubs under a deal that is believed to be worth $15 million.

Epstein will receive what amounts to a $3.5 million signing bonus, the newspaper said.

ESPN cited a "source with knowledge of the talks" as saying the Red Sox would be compensated with minor league prospects, but no major league players would be part of the deal.

The broadcaster said Major League Baseball was concerned over the compensation package, hoping to avoid affecting how other teams compete in the market for front-office personnel.

Ben Cherington, Epstein's top assistant, is expected to be quickly named as his replacement with the Red Sox, the Globe said. His first job will be to hire a replacement for departed manager Terry Francona.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Bruins get Zac Rinaldo from Flyers for 2017 pick
Washington Capitals re-sign Jay Beagle for 3 more years
Cleveland Indians rookie Anderson hurls gem against Tampa Bay Rays
Moreland, Gallo lead Texas Rangers in rout of Baltimore Orioles
Hamilton, Cincinnati Reds hold off Minnesota Twins