Boston, Chicago Settle on Compensation for Epstein

February 22, 2012 Updated: October 1, 2015
Milwaukee Brewers v Chicago Cubs
Chris Carpenter pitched in 10 games in 2011 as a rookie. (Jonathan Daniel/Getty Images)

Nearly four months after the Cubs hired away Red Sox GM Theo Epstein, the two clubs have finally agreed on compensation for the successful executive, according to reports on the two teams’ websites.

Chicago will send 26-year-old pitcher Chris Carpenter (not the Cardinals former Cy Young Award winner) along with a player to be named later to Boston for a player to be named later.

“I think it took so long because it was a unique circumstance,” said Red Sox general manager Ben Cherington. “We talk to teams all the time about trades, and it’s players for players and it’s pretty easy, or easier, to assign value and figure out what’s fair and what’s not fair. In this case, it was just tougher because it involved not just an executive, but a friend.”

Under Epstein’s watch the Red Sox won the World Series for the first time in 86 years in 2004 and then again in 2007.