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

Red Sox, Cubs hope to settle Theo Epstein compensation next week

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The Red Sox and Cubs were granted an extension last week to work out the lingering issue of compensation over Theo Epstein. However, since both sides are pretty busy interviewing managerial candidates and expressing interest to free agents, little progress has been made in recent days.

Red Sox general manager Ben Cherington hopes to change that real soon. He told Evan Drellich of MLB.com yesterday that he and Epstein are optimistic they can work out an agreement in person at the general manager meetings next week in Milwaukee.

“Theo and I have spoken a couple of times since I talked to you guys last,” Cherington said Wednesday at Fenway Park, a week after his last huddle with the media. “We traded some ideas and don’t have anything to report yet, but there’s at least been a couple more conversations.”

“The Commissioner’s Office is giving us some leeway on it if we feel like there’s progress being made,” Cherington said. “I think we’ll give ourselves until next week. We’ll see each other in person next week, at least give ourselves until then to see if there’s something we can’t figure out.”

This sounds like a broken record already, but if the two sides can’t reach an agreement by the end of next week, commissioner Bud Selig would likely step in as an arbitrator. I fully expect to do one post on this topic each week until the end of time.

Josh Johnson retires from baseball

PEORIA, AZ - FEBRUARY 21: Josh Johnson #55 of the San Diego Padres poses during Picture Day on February 21, 2014 at the Peoria Sports Complex in Peoria, Arizona. (Photo by Mike McGinnis/Getty Images)
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Oft-injured pitcher Josh Johnson is retiring from baseball, ESPN’s Jerry Crasnick is reporting.

Johnson, 32, hasn’t pitched in the majors since 2013. The right-hander underwent his third Tommy John surgery in September 2015 but wasn’t able to bounce back.

Johnson spent most of his career with the Marlins, but also pitched for the Blue Jays in the big leagues, as well as the Padres in the minors. He retires with a career 3.40 ERA, 915 strikeouts across 998 innings in the majors, and two All-Star nominations. Johnson led the National League with a 2.30 ERA in 2010, finishing fifth in NL Cy Young Award balloting. One wonders what he could have accomplished if he was able to stay healthy.

Report: Angels close to a multi-year deal with Luis Valbuena

HOUSTON, TX - JULY 08:  Luis Valbuena #18 of the Houston Astros hits a three run walkoff home run in the ninth inning to defeat the Oakland Athletics 10-9 at Minute Maid Park on July 8, 2016 in Houston, Texas.  (Photo by Bob Levey/Getty Images)
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The Angels are nearing a multi-year deal with free agent third baseman Luis Valbuena, Jeff Fletcher of the Orange County Register reports. It’s believed to be a two-year contract with a third-year option.

Valbuena, 31, hit .260/.357/.459 with 13 home runs and 40 RBI in 342 plate appearances in 2016. He missed most of the second half with a hamstring injury, for which he underwent surgery in late August.

Valbuena has played a majority of his career at third base, but also has extensive experience at second base and has racked up innings at first base and shortstop as well. He won’t play every day for the Angels, as Yunel Escobar lays claim to third base and C.J. Cron first base, but he will give them flexibility and a left-handed bat off the bench.