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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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  • OKAY! COOL!

    crunch 43 min 9 sec ago view
  • there was more than one way to get there

    Nope.

    Rob G. 47 min 51 sec ago view
  • supposedly jed "who?" hoyer, too

    crunch 50 min 54 sec ago view
  • same...i just happen to not like sitting through shit sandwich meals for multiple years. baseball is kinda boring when you're punting on 1st down for a slew of years in a row.

    i fully understand why it was done, but i didn't enjoy it. there was more than one way to get competitive and this was the chosen way.

    crunch 51 min 53 sec ago view
  • fwiw, apparently McLeod signed extension as well after he didn't get Twins gig.

    Rob G. 52 min 3 sec ago view
  • I am once again reminded why I am happy that Theo is running the organization.

    Rob Richardson 57 min 42 sec ago view
  • if not they can just intentionally tank the team for 3-4 years and rebuild.

    what?

    WHAT?!?

    hahaha...sigh.

    crunch 1 hour 15 sec ago view
  • Hopefully after the Cubs complete their sevenpeat :)

    Rob Richardson 1 hour 11 min ago view
  • They're the best in the business and have been for 12 years running now. The only question is when they'll get bored of it.

    Rob G. 1 hour 14 min ago view
  • I was right here. I don't require my GM's to be perfect, but I would like them to understand what wins baseball games (IMO controlling the strike zone and creating/avoiding outs), and knowing where the organization is in the success cycle.

    Theo and company have made and will make plenty of mistakes, but they seem to understand those two items pretty well.

    Rob Richardson 1 hour 18 min ago view
  • Now we're all Theo-believers, where were you when he signed Edwin Jackson? Or how about trading away DJ Lemehaiu? And not signing Samardzija to an extension? Or not pursuing Prince Fielder or Albert Pujols? Or signing Lester? Or trading away Cashner, Dempster, Feldman, etc?...I think I'm losing the narrative here.

    So his deal runs through 2021? Which pretty much coincides when all these guys are due to hit free agency.

    Rob G. 1 hour 28 min ago view
  • Great news.

    "Terms of the deal were not disclosed."

    http://www.espn.com/mlb/story/_/id/17662846/chicag...

    Rob Richardson 1 hour 55 min ago view
  • Theo inks five year extension

    PC tonite at PNC

    jacos 2 hours 17 min ago view
  • Not as a major factor, but could be a tie-breaker. But, yeah, on performance and experience, it's Coghlan.

    billybucks 3 hours 4 min ago view
  • Arrieta’s 2.85 ERA would be good enough to lead 26 other teams. He's 3rd on #Cubs behind Hendricks (1.99) and Lester (2.28)

    Rob G. 3 hours 11 min ago view
  • jacos 4 hours 9 min ago view