Theo Epstein accepts $15 Million Contract with Cubs
Red Sox GM Epstein agrees to leave Boston for Chicago.
Current Red Sox General Manager, Theo Epstein, has agreed with the Chicago Cubs on a 5-year deal worth almost $20 Million.
Although Epstein’s position hasn’t yet been announced, he has made multiple trips to Chicago to meet with team officials, according to Sports Illustrated. The contract states that Epstein will receive $15 million over five years, but also a “buyout transfer” worth $3.5 million, totaling $18.5 Million.
Theo Epstein has been with the Boston Red Sox for a total of nine seasons, and has one year left on his ten year contract. At the moment, neither Epstein nor the Red Sox execs will comment on the situation.
The Red Sox are hoping that Epstein will have a change of heart, but at this point it doesn’t seem to be the case.
Last week, Epstein was given permission from Red Sox owner, John Henry, to interview with Chicago. Henry knew that Epstein was considering the Cubs jobs, and decided that he wasn’t going to “chase him”.
One Red Sox official stated that Epstein’s move will not come as a surprise to the team.
"It wouldn't shock me," the team official said, "but until it happens I won't believe it."
Theo Epstein will definitely have his work cut out for him in Chicago. The Cubs have not won a World Series in 103 years, and in this past season, they lost 91 games. But, then again, when Epstein was hired as the Red Sox GM, he crafted the team that won the 2004 World Series, effectively ending their 86 year losing streak.
Epstein was the youngest GM in baseball history when the Red Sox hired him at the age of 28.