Negotiating for Theo

The Cubs and Red Sox spent Thursday trying to hash out the compensation Boston would receive from the Cubs to let Theo Epstein out of the final year of his contract.

Reportedly, Tom Ricketts has turned over a list of players to interim general manager Randy Bush, director of player personnel Oneri Fleita and scouting director Tim Wilken to evaluate for compensation for Epstein.

Theo Epstein has reportedly agreed in principal to a contract to join the Cubs front office but nothing is official as the two sides try to hammer out the final details.

According to several reports, the Cubs and Red Sox began discussing the compensation package the Red Sox would receive from the Cubs on Thursday. The Cubs would like to send cash while the Red Sox are holding out for players/prospects. A report from WEEI on Thursday afternoon indicated the talks hit a snag and “revealed a gap between the two sides.”

According to a report from Bruce Levine, “the impression among most baseball people is that deal will still get done, however, Boston is entitled to be satisfied with compensation. There’s no such thing as a timetable for these transactions. The Red Sox appear to be moving on with their front office plans, as reports out of Boston say they are getting ready to name Ben Cherington its GM. The Cubs initially asked MLB for guidance on protocol for compensation since neither owner Tom Ricketts nor president Crane Kenney had ever been involved in a situation like this.

According to the Tribune, “along with the compensation issue, the two sides also must agree on which, if any, of Epstein’s staff can come with him to Chicago.”

Several reports have indicated that the negotiations between the Cubs and Red Sox could drag into next week, which would push the official announcement until just before the start of the World Series.

Stay Tuned …

Follow ChicagoCubsOnline on Twitter: @TheCCO

Quote of the Day

"People who write about Spring Training not being necessary have never tried to throw a baseball." – Sandy Koufax