It’s official: Theo Epstein resigns from Red Sox to join Cubs’ front office

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It’s finally done.

Peter Abraham of the Boston Globe reports that the Red Sox and Cubs have agreed to the framework of a deal that will allow Theo Epstein to become the Cubs’ president of baseball operations. Epstein has resigned from his post as Red Sox general manager and will join the Cubs’ front office, effective immediately.

The Cubs will hold a press conference on Tuesday, the next off-day of the World Series, to introduce Epstein while Ben Cherington is expected to be announced as his replacement on the same day in Boston.

Compensation hasn’t been settled yet, but a joint statement from the clubs specifies they have “reached an agreement regarding a process by which appropriate compensation will be determined.” With Epstein now a member of the Cubs’ front office, he will presumably be involved in the negotiations. That’s not awkward at all. According to Sean McAdam of CSNNE.com, if the two sides are unable to reach a satisfactory agreement in the next few days, commissioner Bud Selig could step in as an arbitrator.

Cubs designate Brett Anderson for assignment

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The Cubs announced on Wednesday that pitcher Brett Anderson was activated from the 60-day disabled list and subsequently designated for assignment to open up a spot on the 40-man roster.

Anderson, 29, had been out since May 7 with a lower back strain. Across six starts prior to the injury, the lefty yielded 20 earned runs on 34 hits and 12 walks with 16 strikeouts in 22 innings. He has logged just 33 1/3 innings over the last two seasons and has crossed the 50-inning threshold just since dating back to 2011.

Despite his lengthy injury history, Anderson will likely still draw some interest once he becomes a free agent as he throws with his left hand and can be had for the major league minimum salary.

Dilson Herrera has season-ending surgery

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Reds infielder Dilson Herrera will undergo surgery to remove bone spurs from his right shoulder. His season is over.

Herrera, you may recall, was acquired from the Mets in the Jay Bruce trade last year. He played in 49 games for the Mets, but spent all of last year and this year in the minors. In parts of seven minor league seasons he’s hit .295/.357/.461 with 67 homers and 87 stolen bases in 631 games.

Herrera, one time a top-5 prospect of the Mets, was expected to play in the bigs this year, but hasn’t. He was expected to challenge for the starting second base job for the Reds next year, but that’s obviously in doubt now. The worst part: he’ll be out of minor league options next year, so the Reds will be pressured to either put him on the big league roster fresh off an injury or else risk losing him via waivers, which I suspect he’d be unlikely to clear.