Update on Theo compensation issue

Update on Theo compensation issue
January 31, 2012, 9:53 pm
Share This Post

The Theo Epstein compensation issue is still unresolved, but things may be getting close.

No, Jim Hendry going to the Yankees doesn't count, even if spurned Cubs fans believe that will make the Red Sox's most hated rival weaker.

Theo was in Boston Monday night for a Hot Stove Cool Music panel discussion at Fenway Park's State Street Pavilion along with Boston general manager Ben Cherington and field manager Bobby Valentine. Pirates GM Neal Huntington, Yankees outfielder Curtis Granderson, MLB Network's Sean Casey and Peter Gammons were also in attendance.

Both Cherington and Theo discussed the compensation issue, though neither really divulged new information.

"Seems like it should be coming to an end sometime soon," Theo said, then added that "no one has really talked about it much."

Cherington explained he had nothing new to add but did touch on the gap between the two sides.

"It's hard to quantify," Cherington said. "It's just a disagreement. There was an expectation when Theo left that the Red Sox would receive significant compensation for allowing the Cubs to hire him and we haven't been able to agree on what 'significant compensation' means."