CHICAGO — Theo Epstein resigned from the Red Sox on Friday with a year left on his contract as general manager to become president of baseball operations for the Cubs, a team that has gone 103 years without a World Series title.
With Epstein at the helm, the Red Sox ended an 86-year World Series title drought in 2004 and won it again in 2007.
Cubs fans can only hope he will do the same thing. Chairman Tom Ricketts fired GM Jim Hendry in July after another disappointing season.
The teams negotiated for more than a week over compensation the Red Sox would receive for letting Epstein, 37, out of his contract. In the end, they decided that would be resolved in the near term. Epstein will reportedly receive a five-year deal worth about $18.5 million in Chicago.
The Red Sox are expected to name assistant GM Ben Cherington as Epstein's replacement. Boston must also find a manager to replace Terry Francona.
The Cubs are also interested in hiring Padres general manager Jed Hoyer for that position, where he would be reunited with Epstein, according to various reports. They worked together in Boston.
The teams said they would hold news conferences Tuesday.