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Done Deal: Theo Epstein Leaves Red Sox and Joins Cubs

Theo Epstein (Elise Amendola/AP)

Ok, so it isn’t the most shocking news in Boston, but now we can finally say it is official. The Boston Red Sox and Chicago Cubs announced Friday night that (former) Red Sox GM, Theo Epstein, will step down as General Manager in Boston to take the job as President of Baseball Operations for the Chicago Cubs.

A news conference will take place this Tuesday (the next day off in the World Series) to announce the deal.

Terms of the deal have not been disclosed, but we do know that Boston will not receive SP Matt Garza, SS Starlin Castro, or cash considerations. The compensation for Epstein appears to be made up solely of minor league players. I am sorry to also announce that John Lackey will not be making the trip to Chicago with Epstein.

Epstein leaves the organization with one year remaining on his deal and less than a month after Boston’s historic collapse in the month of September that caused them to miss the 2011 postseason. The move is effective immediately. Sox assistant GM, Ben Cherington, is expected to be named the new General Manager.

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