CSN Chicago: Epstein deal 'basically' done

CSN Chicago: Epstein deal 'basically' done
October 20, 2011, 2:53 pm
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CSN Chicago's David Kaplan reports that the deal to make Theo Epstein the Cubs President of Baseball Operations is "basically" done, and a press conference should be held tomorrow to announce the move. According to the report, former Red Sox Assistant General Manager Jed Hoyer will be the new GM in Chicago.

While Hoyer will have significant opportunities to make decisions, Epstein will have complete power over on the baseball side of the franchise.

"They are handing him the keys to the kingdom," Kaplan told WEEI on Thursday. "He'll have unanimous power in Chicago. Cubs owner Tom Ricketts is basically giving him 150 million a year and saying 'spend it how you want.' "

According to Kaplan, the Red Sox won't receive any other major league talent as compensation for Epstein, but they could end up with one of the Cubs' top prospects.

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David KaplanCompensation will not include ML talent but will include value but not Brett Jackson. If it's Trey McNutt, oh well. Price of doing biz!
Oct 20 via TweetDeckFavoriteRetweetReply

It was reported that the Red Sox sought pitcher Matt Garza as compensation for Epstein, but the Cubs held firm and elected not to give in to Boston's original asking price.