Epstein agrees to contract as GM of Red Sox

With the deadline for his contract looming, Theo Epstein and the Red Sox agreed to a three-year extension, the Boston Globe reported.

Epstein, 31, is believed to have agreed to a deal worth close to the compensation he was seeking, multiple league sources told the paper.

The contract is expected to be announced early this week, though no news conference was scheduled as of Sunday night, the Globe said. Epstein's current contract was to expire at midnight Monday.

Epstein reportedly rejected a three-year deal worth $1.2 million
annually, triple his previous salary. The youngest general manager
to build a World Series-winner, he was reported to be seeking
something closer to the $2.5 million a year the Red Sox offered
Oakland Athletics GM Billy Beane before Epstein was hired.

Epstein became the youngest general manager in baseball history
when the Red Sox hired him five weeks shy of his 29th birthday in
2002. He signed a three-year contract that paid him about $350,000
a year.

During Epstein's tenure, the Red Sox reached the postseason in
three straight years for the first time, and in 2004 they won their
first World Series title since 1918. In 2003, they lost in the
seventh game of the AL Championship Series to the New York Yankees.
This year, they were swept by the Chicago White Sox in three games
in the AL division series.

Information from The Associated Press was used in this report.