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.

Phillies owner John Middleton is in Las Vegas with Bryce Harper

Bryce Harper
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Jim Salisbury of NBC Sports Philadelphia reports that Phillies owner John Middleton flew to Las Vegas for a meeting with Bryce Harper on Friday. Per ESPN’s Jeff Passan, it’s “more of a meet-and-greet than a sign-a-deal” affair, but as the club is still at the forefront of trade rumors involving the All-Star slugger, there remains a possibility (however slight) that something could be completed in the days to come.

Even now, the Phillies aren’t alone in the race to sign Harper, but recent rumors have helped whittle down the competition from five or more teams (Phillies, Nationals, White Sox, Giants, and Padres) to three strong contenders. The Giants are said to be interested in a lucrative short-term deal with the outfielder, while the Padres remain in the conversation despite inking Manny Machado to a mammoth 10-year, $300 million contract this week. It’s not yet clear just how far either team would go to outbid Philadelphia as talks with Harper intensify.

As for the Nationals and White Sox, the former officially bowed out earlier today, and MLB Network’s Jon Heyman adds that the latter won’t make a strong play for Harper as they feel the asking price and competing offers are “getting too high” for the 26-year-old’s services. If a mystery team is still in the mix, there’s been no word on their standing with Harper in the last month or so.