Epstein Formally Takes Cubs Job

Theo Epstein is joining the Chicago Cubs as president of baseball operations.

The 37-year-old Epstein resigned from the Boston Red Sox on Friday night with a year remaining on his contract as general manager to run a team that has gone 103 years without a World Series championship.

With Epstein at the helm, the Red Sox ended an 86-year World Series championship drought in 2004 and won the title again in 2007.

Cubs fans can only hope he will do the same thing on the North Side. Cubs chairman Tom Ricketts fired GM Jim Hendry in July after another disappointing season.

The Cubs will decide compensation for the Red Sox at a later date. The Cubs are expected to name Padres assistant GM Jed Hoyer to be the GM under Epstein.

The Red Sox are expected to announce assistant GM Ben Cherington as Epstein's replacement.