Source: Theo Epstein meets Mike Quade

CHICAGO -- Chicago Cubs president of baseball operations Theo Epstein met with manager Mike Quade in a seven-hour meeting on Thursday to discuss his status with the team, according to sources familiar with the situation.

In a get-to-know-you meeting, Quade met with Epstein and general manager Jed Hoyer in Chicago, according to sources. ESPNChicago.com originally reported the meeting took place in Bradenton, Fla.

The Cubs manager has one year and $1 million remaining on his two-year deal that he signed in November 2010.

Quade has a 95-104 record since taking over the team from the retired Lou Piniella on Aug. 22, 2010. He is supposed to talk to Epstein and Hoyer again this week as the two determine Quade's fate with the organization.

At a Tuesday news conference at Wrigley Field, Epstein will introduce Hoyer and vice president of scouting and player development Jason McLeod. It will be Epstein's first official news conference as president since being named on Oct. 21.

Bruce Levine covers baseball for ESPNChicago.com and ESPN 1000.