Theo Epstein’s reign of terror as “the guy that finally brought these whiny fans a title or two” has officially ended. Epstein has resigned as the general manager of the Boston Red Sox and will now take over as the guy who will run the Chicago Cubs.
Here is a joint press release from both teams:
CHICAGO – The Boston Red Sox and the Chicago Cubs jointly announce this evening that, effective immediately, Theo Epstein has resigned from the Red Sox in order to become the new President of Baseball Operations for the Cubs. The Clubs also have reached an agreement regarding a process by which appropriate compensation will be determined for the Red Sox and that issue will be resolved in the near term.
Both the Red Sox and the Cubs intend to hold press events on Tuesday, October 25 during which the Cubs intend to announce Mr. Epstein, and the Red Sox intend to announce his successor as General Manager.
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Out of respect for the World Series, both clubs have agreed to forego further comment until Tuesday, the next scheduled non-game day. Further information on each club’s media availability for Tuesday will be distributed on Monday.
It’s widely believed that Ben Cherington will be named Epstein’s successor in Boston, although we’ll all find out together when they, you know, tell us. Epstein’s contract with the Cubs is expected to be of the five-year, $18.5 million variety.