John Dennis of WEEI Sports Radio is reporting that Red Sox general manager Theo Epstein has agreed with the Cubs on a five-year deal worth more than $15 million.
According to Dennis’ sources, the Red Sox granted the Cubs permission to talk with Epstein late last week. The deal is expected to be finalized by the end of this week, following negotiations for compensation with the Red Sox, who have Epstein under contract for one more season.
It is not yet clear if Epstein will become the team’s new GM or possibly Team President as well.
MLBTR also adds that “the Cubs won’t surrender Major League players or take on bad contracts in the deal, but they may send prospects and/or cash to the Red Sox. It appears that Epstein will need Boston’s approval to bring employees with him.”