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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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  • I just prefer they don't  acquire players that choke their wives/girlfriends.

    Rob G. 2 min 7 sec 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 11 min 36 sec ago view
  • I'd prefer it not happen too.

    Rob G. 38 min 25 sec 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 41 min 55 sec ago view
  • Still don't want. Kinda hope they can't work out the extension.

    Charlie 53 min 34 sec ago view
  • obviously not, and I'm sure they did their homework...just hope they have some better answers than the Yankees

    Rob G. 53 min 38 sec 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 1 hour 15 min ago view
  • I agree with the names you mention but there are lots of names being tossed around still and there's that small matter of Chapman agreeing to the extension.

    Old and Blue 1 hour 21 min ago view
  • Heyman, Wiatt, and Sharma are definitely reliable sources. Wiatt and Sharma have a ton of connections with the FO, and Heyman is one of the national guys who usually breaks stories first along with Rosenthal and Passan.

    John Beasley 1 hour 24 min ago view
  • Twitter is even more nonsensical with names and rumors than usual right now. I'd wait for a real confirmation from someone reputable at this point before getting too worked up.

    Old and Blue 1 hour 28 min ago view
  • wow.

    a'ite then. i mean, at least they're getting one of the best at a young/durable age even if there's a heavy price to pay for it.

    crunch 1 hour 31 min ago view
  • i pretty much assumed this would be one of the last kinds of things they'd do...give up a top prospect (probably the best in the system) to get 1/2(ish) year of a reliever followed by multiple years locked in at his market value.

    i wonder if there's other players going back/forth, too.

    i mean, it's not like it's a horrible thing...this is just something that seems out of profile.

    crunch 1 hour 33 min ago view
  • Suspend him for the rest of the year and get him ready for the Schwarber era?

    Old and Blue 1 hour 34 min ago view
  • Sadahev Sharma says the names are done. Torres and other parts for Chapman only.

    John Beasley 1 hour 35 min ago view
  • i liked it better when Cubs were really good and likeable.

    will be very curious how and if they address the DV incident.

    Rob G. 1 hour 39 min ago view
  • We are coming into the realm of, ""this ain't the old Cubbies...", with the printing money machine coming online. They'll be able to handle it.

    The E-Man 1 hour 40 min ago view