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Red Sox, Cubs get another week to work on Theo Epstein compensation

Nov 2, 2011, 6:21 PM EST

Chicago Cubs President of Baseball Operations Theo Epstein speaks at a news conference at Wrigley Field in Chicago Reuters

Rather than intervene now, commisioner Bud Selig has opted to give the Red Sox and Cubs another week to come to an agreement on the compensation for Theo Epstein, who left Boston to become the Cubs’ president of baseball operation.

The commisioner’s office cited the preoccupation both teams have had with other matters in recent days. The Cubs fired Mike Quade on Wednesday and are now in the same boat with the Red Sox┬áin looking for a new manager. Also, both teams had decisions to make on contract options prior to midnight Monday.

If another week goes by without an agreement, Selig will likely settle matters then.

  1. bloodysock - Nov 2, 2011 at 6:40 PM

    The teams are at an impasse today. They’ll be at the same place one week from now.

  2. natstowngreg - Nov 2, 2011 at 7:06 PM

    Theo is in his new job, and has his GM (Hoyer), so there’s no big hurry. However, if the Red Sox continue to try to hold up the Cubs, Bud will intervene.

    As usual, Bud will move things along if he wants, and when he wants.

  3. unsatisfiedmind - Nov 2, 2011 at 7:08 PM

    Once Selig made it known that he would intervene, it became pretty clear these teams were never going to come to an agreement on their own. Not rocket science…

    The Cubs rightly figure that Bud will never require them to give up a player of any consequence in exchange for a front office guy, so they don’t ever need to blink in their negotiations with the Sox.

    The Sox probably assume that Bud will just pick a player that’s at least marginally better than what the Cubs are offering now…

    The Cubs figure to win this stand-off handily.

  4. scatterbrian - Nov 2, 2011 at 7:16 PM

    Why is there such urgency to this? Can’t they just call it a PTBNL and move on?

  5. sultanofstats - Nov 2, 2011 at 7:26 PM

    Shocker. Selig drew a line in the sand and later retracted?

  6. cliverush - Nov 2, 2011 at 9:21 PM

    The deal is done except for the compensation amount. The Bosox want the Cubs best pitcher, fat chance of that happening. Selig will probably set a money amount which the Sox can use to pay off a part of the Lackey contract. The Sox fans will remember Theo more for his dumb deals with Drew, Lackey, every SS east of the Mississippi, and losing some pretty good catchers. We are screwed for at least a year because of him.

  7. uyf1950 - Nov 3, 2011 at 5:35 AM

    Don’t be surprised if Selig does get involved that Sox get a little better compensation then they otherwise would have. Remember this is the same Bud Selig that let the Red Sox Owner John Henry buy the Sox when he wasn’t the highest bidder and also the same Bud Selig that appointed Ex Senator John Mitchell a member of the Red Sox Board of Directors to head Baseballs Drug Investigation a few years back. Don’t be surprised at all.

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