Marlon Byrd traded to Red Sox for Michael Bowden, PTBNL

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UPDATE: Michael Silverman of the Boston Herald reports that Bowden is indeed headed to Chicago along with a player to be named later. The Cubs will cover “most” of the $6.5 million remaining on Byrd’s contract.

5:51: According to Bruce Levine of ESPNChicago.com, Marlon Byrd confirmed that he has been traded to the Red Sox. The deal will be officially announced after today’s Yankees/Red Sox game. It’s not clear how much of Byrd’s salary the Cubs will cover or who the Red Sox will send to Chicago.

12:42 PM: Phil Rogers of the Chicago Tribune writes that the Cubs “could be getting” right-hander Michael Bowden, who would get a chance to pitch out of the bullpen.

12:16 PM: Worry no more, Red Sox fans. Your old friends Theo Epstein and Jed Hoyer are here to help.

Nick Cafardo of the Boston Globe is reporting that the Red Sox are closing in on a deal for Cubs’ outfielder Marlon Byrd. Jacoby Ellsbury is currently sidelined with a subluxed right shoulder and Carl Crawford is still on the comeback trail from wrist surgery, so Byrd would be thrown right into the mix with Cody Ross, Ryan Sweeney and Darnell McDonald.

Byrd is off to a woeful start at the plate this season, batting .070/.149/.070 with three singles, three walks and 10 strikeouts over his first 47 plate appearances. The 34-year-old outfielder is owed $6.5 million this this season in the final year of a three-year, $15 million deal, so the Cubs will almost certainly have to cover a large chunk of his remaining salary.

If the deal goes down, it will be interesting to see where the Cubs go from here in their outfield. Tony Campana was called up to replace the injured Ryan Dempster on the active roster, so he’ll presumably start in center field for now, but trading Byrd could speed up the timeline for top prospect outfielder Brett Jackson. There’s also the chance that the Cubs could slide David DeJesus from right to center, move Bryan LaHair to the outfield and promote Anthony Rizzo to play first base.

Report: Orioles to name Brandon Hyde new manager

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Update (8:23 PM ET): MASN’s Roch Kubatko talked to new GM Mike Elias, who said there has been no offer made to Hyde for the position. Elias called the report “premature.”

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The Orioles are expected to name Cubs bench coach Brandon Hyde as the new manager, Joel Sherman of the New York Post reports. Nothing is official yet.

Hyde, 45, spent four seasons in the minors with the White Sox from 1997-2000, then played in the independent Western League in 2001 before calling it quits. He was a coach with the Marlins from 2010-12 and has been with the Cubs since 2013.

Other candidates for the Orioles’ open managerial position have included Pedro Grifol, Chip Hale, Mike Redmond, Mike Bell, and Manny Acta.

Hyde is taking over for Buck Showalter, who was at the helm of the Orioles from 2010-18. Last season, however, the Orioles finished 47-115, the worst record in team history. Hyde will be taking over a team that is rebuilding, so the expectations will be relatively low in his first couple of seasons.