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Jed Hoyer and Jason McLeod Press Conference

I believe the press conference is scheduled for 3pm CST, maybe EST...so soon. You can allegedly watch a live stream at CSN Chicago.

In the meantime, read up on the new scouting director with this very well done Q&A.

The rumor mill is rather quiet at the moment, last bit of "news" was that Theo and Jed (sounds like a sitcom title) met with Q-Ball for 7 hours last week and have a second meeting this week. I want to imagine the 7 hours was spent getting as much information about the ballclub out of him before they canned him.

On the manager front, Peter Abraham reports that the Cubs and Red Sox could both be interested in former Brewer player and their current hitting coach, Dale Sveum.

After the jump, I'm trying to embed the live stream...see if it works.

The Dominos Start to Fall

Late Friday night, Bud Selig apparently had enough of the Cubs and Red Sox distracting from what now appears to be a real good World Series and the two teams sent out press releases saying Theo to the Cubs is official. The issue of compensation still needs to be resolved, with ta

Theo Reporter

It's day 8 of Theo Hostage Watch...I hear he's doing as well as can be expected. The Red Sox have taken his cell phone away and all other lines of communication and they have him bordered up in his office on Yawkey Way.  He is allowed to speak to his wife and children through closely monitored Skype chats. Once the Red Sox receive their terrorist demands, he's been assured of being released. Stay tuned...

Theo to Cubs Ever so Close

This appears just about close to being finalized. Here's the latest and to open up a new set of comments.

- Epstein and family are apparently house hunting already in Chicago.

- Heyman tweets that there is a bit of discussion whether #cubs send cash or minor leaguers to #redsox for theo. so far boston prefers the $.

- A WEEI report said the deal would be 5/$15M, ESPN is saying it's 5/$20M. There's some confusion over a $3.5M transfer bonus that Epstein would receive,  so that could be part of the difference.

- Same article says ...an industry source said Tuesday that Cubs owner Tom Ricketts spoke with Epstein last week and that Epstein met with Cubs president Crane Kenney in Chicago last weekend (I presume to settle how much of Kenney's salary would be going to Epstein).

- Kaplan with a pretty thorough rundown of how the events transpired. I can't find it now, but I think it was Kaplan reporting that Epstein's very comfortable with Wilken and Fleita.

- Kevin Goldstein at BP and ESPN Insider (subscriptions required) goes over the state of the organization that Theo will inherit. 

- George Ofman tweets: Word from sources close to situation: Ryne Sandberg not on Theo's short list to be manager at this time

Theo did try and hire Ryno to manage Pawtucket though last year, so even if he doesn't quite think he's big league ready, possibility as a major league coach could loom. 

- Red Sox pull a page out of the Cubs playbook and start the smear campaign on Francona, Epstein and some of the players. 

Some video of Epstein discussing player evaluation after the jump...

Boston Herald Reporting that Theo Will Join The Cubs

The headline says it all, but let me blockquote for you.

Two baseball sources have confirmed that Theo Epstein is on the cusp of leaving his job as general manager of the Red Sox [team stats] to accept a position with the Chicago Cubs that is believed to include powers greater than he has in Boston, with an announcement expected to be made “within the next 24 to 48 hours.”

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  • Even from an on-field perspective, Torres is a 19-year-old beating up High-A pitching who also plays a great SS. Even if he never develops a legit MLB power stroke, he's still an obvious 4-tool guy with a very high floor. Sucks to trade away his next 6-8 years for a closer, albeit a great one.

    John Beasley 29 min 53 sec ago view
  • "Like the Chapman deal for Cubs from on-field POV, wish I didn't now have to feel lousy following an otherwise likable Cubs team." @jonahkeri

    pretty much sums up my feelings

    Rob G. 6 hours 39 min ago view
  • You mean Yankees?

    QuietMan 6 hours 43 min ago view
  • Cards lose!

    billybucks 6 hours 50 min ago view
  • You do have a point. The TheoJed certainly would need to address this in a transparent way. Milton Bradley was no help to the team.

    The E-Man 7 hours 2 min ago view
  • FWIW, the Cubs would get a compensation draft pick between the 1st & 2nd rounds (around #35) if they extend a Qualifying Offer to Chapman post-2016 (probably about $17M), Chapman declines, and then he signs with another MLB club before next year's draft. 

    Arizona Phil 7 hours 8 min ago view
  • This all assumes Chapman doesn't want to be a free agent and possibly sign a $20MM+/year deal. We all know free agents get overpaid, sometimes dramatically (Hello, JayHey!). Not sure why Chapman would agree to the extension. If i'm is agent, I would tell him I could get I'm a $100M deal as a FA.

    billybucks 7 hours 15 min ago view
  • I'll root for the uniform and imagine it's left-handed Rod Beck or Randy Myers out there I suppose.

    Rob G. 7 hours 39 min ago view
  • Amen to this. I guess it's gonna happen and I'm gonna have to suck it up but I really despise domestic abusers with every bone in my body and cannot stand them on any team I root for.

    johann 7 hours 48 min ago view
  • I just prefer they don't  acquire players that choke their wives/girlfriends.

    Rob G. 7 hours 51 min ago view
  • So you'd rather go with Blown Save guy, when you can trade a prospect who is blocked for one piece that could get you over the top to the Big Dance? That is pretty old thinking. This is not a move that they cannot recover from if it goes south. But the upside is potentially historic.

    The E-Man 8 hours 57 sec ago view
  • I'd prefer it not happen too.

    Rob G. 8 hours 27 min ago view
  • it's a hell of a blockbuster, but it's for a guy who pitches 1/3rd of a season at an extreme premium considering the guy being traded and if the early extension $$$ rumors are true.

    it's one of those things that is bringing a guy at the top his game, but something is nagging me that this trade piece could have been put to better use.

    a huge part of me is all "hell yeah, top of the line producer"...another part of me is "hmm, that for that?"

    crunch 8 hours 31 min ago view
  • Still don't want. Kinda hope they can't work out the extension.

    Charlie 8 hours 42 min ago view
  • obviously not, and I'm sure they did their homework...just hope they have some better answers than the Yankees

    Rob G. 8 hours 42 min ago view
  • Chapman 12+ Career WAR. Currently 4.7:1 k-BB. With Rondon/Chapman/Strop/Nathan/Montgomery/Wood...Its the best pen I can recall other than Sutter or Lee Smith handling things themselves.

    Its gonna suck if he gets injured, and it appears he's not the greatest of characters.

    But, he'll have another Cuban to hang out with on the team.

    The E-Man 9 hours 4 min ago view