Theo Epstein and the Chicago Cubs have reached agreement on a deal that will allow Epstein to take over baseball operations for the National League team, according to multiple reports.
Sports Illustrated reports that the deal should be completed within the new few days. The exact amount of the deal for Epstein, the Red Sox’ general manager for nine seasons, is not yet known, but it is believed to be worth around $18.5 million, according to SI. Although he will make around $15 million with the Cubs, a “conclusion bonus” or “buyout transfer” will paid by the Cubs and will bring the total to around $18.5 million, Jon Heyman reports. According to ESPN, the deal will be worth nearly $20 million. No major-league players are expected to be part of the deal, first reported by WEEI in Boston.
Epstein is expected to get an added title in Chicago, perhaps executive vice president/general manager. And, almost immediately, the pressure is on to win a World Series with the Cubs, who haven’t won one since 1908. The Red Sox won two World Series under Epstein, ending an 86-year drought.
Ben Cherrington, Epstein’s assistant, is his likely successor in Boston.