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Report: Announcement on Theo Epstein likely several days away

Oct 17, 2011, 11:26 PM EDT

Theo Epstein

Don’t hold your breath for a quick resolution with the Theo Epstein situation.

Sean McAdam of heard from a source Monday that “significant work” remains in talks between the Red Sox and Cubs regarding compensation for the former Boston GM.

While the two sides have made progress in recent days, the Red Sox believe they should receive a substantial compensation package because this situation “defies precedent.” The Red Sox initially asked for Matt Garza, but also have interest in prospect right-hander Trey McNutt.

MLB frowns upon any distraction from the World Series, so Tuesday is the last day any announcements could be made without prior approval from the commissioner’s office.

One possible alternative is that an announcement could be made Friday, which is a scheduled off-day during the World Series. However, they would still need approval from Bud Selig. And that’s assuming the two sides can come to a satisfactory agreement this week. Either way, an announcement is likely several days away.

  1. bigleagues - Oct 17, 2011 at 11:35 PM

    And I got another one for you just posted a few minutes ago on . . .

    The sense of inevitability cuts a swath from Wrigley to Fenway, where sources say Ben Cherington already has been internally appointed GM and other members of the Red Sox’ front office are in the process of being shuffled and/or promoted according to that and other falling dominoes anticipated with Epstein’s departure.

  2. Glenn - Oct 17, 2011 at 11:52 PM

    Trey McNutt? I’d take Grandma Nutt from Candy Land at this point just to move on. Who would have guessed all this would have happened when the Sox had a two game lead in the East at the end of August? Sports never ends in its ability to play out in strange ways.

    • bigleagues - Oct 18, 2011 at 2:21 AM

      The Epstein saga may have played out even if the Red Sox made it to the playoffs and won the World Series.

      The Cubs would have still been looking for Theo and Theo would still have only one year left on his contract with no hopes of becoming the Red Sox top executive because Lucchino (CEO) is (rightfully) entrenched in that post.

      The Cubs are offering Epstein a significant raise and the belief is that Theo will not necessarily be CEO or GM for that matter . . . but likely to be named President. There is speculation (based on the infamous Anonymous Source) that Josh Byrnes or Jason McLeod could be targeted by Epstein to be GM.

      Epstein would then go to work revamping the scouting and development departments, and finding ways to increase team revenue – and ultimately payroll. There is no reason why the Cubs can’t have a payroll on par with the Phillies or Red Sox with the proper economic model in place.

      And just before I set out to type this, I read this:

      The Red Sox clearly have confidence in their way of doing business – with or without Epstein and Terry Francona – and aren’t in a rush to lower demands.

      Cubs executives have long admired this Red Sox model, and have consulted with Boston officials in the past. That makes this an interesting pressure point.

  3. rambodiaz - Oct 18, 2011 at 8:20 AM

    @Glenn: You can have Grandma Nutt if you want, but if I’m Lucchino and Henry, I’m holding out for Princess Lolly.

  4. Old Gator - Oct 18, 2011 at 11:23 AM

    I believe that Harold Camping has calculated the exact moment when the announcement will be released, but he has been warned by Bud Selig not to make it public until after the end of the world. Series.

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