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.

Steven Wright undergoes procedures on left knee

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The Red Sox announced that starter Steven Wright underwent a left knee arthroscopy and debridement on Monday in New York. There is no timetable yet for his recovery, so it is still not known if he will be ready for spring training.

Wright, 34, was bothered by left knee issues throughout the 2018 season. He made four starts and 16 relief appearances totaling 53 2/3 innings, posting a 2.68 ERA with 42 strikeouts and 26 walks. Wright was on the ALDS roster but was removed due to the knee issue and did not appear in the postseason.

Wright is entering his second of three years of arbitration eligibility. He is due a raise on his $1.1 million salary. The Red Sox could non-tender him, but that seems unlikely.