Jed Hoyer is now officially the General Manager of the Chicago Cubs
THIS IS BREAKING NEWSâ€¦.
The news has been rumored for some time, and after the Cubs announced Theo Epstien as the new President of Baseball Operations, it was not a matter of when, but if.
With the rainout of Game 6 of the World Series, the Cubs and Padres have used the opportunity to break the news through a joint press release:
The Chicago Cubs and San Diego Padres jointly announce today that Jed Hoyer and Jason McLeod will leave the Padres, effective immediately, to accept positions with the Cubs. The Cubs have agreed to send the Padres a player to be named later as compensation.
Both the Cubs and the Padres intend to hold press conferences after the World Series. The Cubs intend to announce Hoyer as Executive Vice President/General Manager and McLeod as Senior Vice President/Scouting and Player Development, while the Padres intend to announce Josh Byrnes as Hoyer's successor.
Out of respect for the World Series, both clubs have agreed to forego further comment until holding their respective news conferences after the World Series is complete.
What will be interesting is when the Cubs and Red Sox announce what the compensation is for Epsteinâ€™s departure from the Red Sox.
Hoyer and Epstein worked closely together in Boston for several years where he held the title of assistant to the general manager when first arriving in 2002. He was briefly co-GM of the Red Sox with Epstein for a little over a year from December 12, 2005 to January 19, 2006
MORE NEWS AS IT BECOMES AVAILABLE
Maury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey, and is a contributor to Forbes SportsMoney blog..Â He is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network (select his name in the dropdown provided).
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