Theo Epstein Officially Resigns From Red Sox, Joins The Cubs

The Boston Red Sox and Chicago Cubs have reached an agreement on a compensation package that allowis Theo Epstein to resign from the general manager position in Boston and become the Cubs' President of Baseball Operations.  Terms of such a deal were not disclosed.

The news of Epstein's official departure was broken by the official Twitter feed of Major League Baseball.

http://twitter.com/#!/MLB/status/127565263909568512

In a joint statement posted on both teams' websites, the Red Sox and Cubs both announced press conferences for Tuesday, October 25, at which Epstein will officially be introduced in Chicago and his successor officially named in Boston.  The statement also notes that, "Out of respect for the World Series, both clubs have agreed to forego further comment until Tuesday, the next scheduled non-game day."