Epstein has resigned from the Red Sox to become president of baseball operations for the Cubs. The Red Sox and Cubs also have reached an agreement on a process to determine appropriate compensation for Epstein. Compensation details will be resolved soon.
The Red Sox and Cubs are scheduled to hold news conferences on Tuesday, Oct. 25. The Cubs plan to announce Epstein’s hiring. The Red Sox intend to announce his successor as general manager.
Both clubs will reserve further comment until Tuesday, the next scheduled non-game day of the World Series.
Epstein, 37, spent nine seasons as Red Sox general manager, and the team won two World Series titles during his tenure.