Bud Selig: Cubs, Red Sox on deadline

Major League Baseball commissioner Bud Selig said Sunday that he'll intervene if the Boston Red Sox and Chicago Cubs can't agree to compensation for Theo Epstein by Nov. 1, according to Comcast Sports Net New England.

"They have until Nov. 1, Theo and Ben (Cherington, Epstein's expected successor in Boston) and all the other parties involved," Selig said before Game 4 of the World Series, according to CSNNE.com. "Hopefully they can get things done. I always encourage clubs to try to get things done between themselves. Somehow, the commissioner has enough things of controversy (to deal with).

"They'll either get it done or they won't. If they don't, then I will."

The Red Sox and Cubs issued a joint statement Friday night announcing that the 37-year-old Epstein had resigned from his post as Boston's general manager to become the Cubs' president of baseball operations. He will be introduced by Cubs chairman Tom Ricketts at a news conference at Wrigley Field at 11 a.m. CT Tuesday, the next off-day during the World Series.

Epstein's deal had been held up for more than a week as the teams haggled over compensation the Red Sox would receive for letting Epstein, who had one year left on his contract with Boston, go. Those negotiations continue even as Epstein leaves his hometown Red Sox.

According to the joint statement, the teams "have reached an agreement regarding a process by which appropriate compensation will be determined for the Red Sox and that issue will be resolved in the near term."

A source told ESPNBoston.com's Gordon Edes that Cherington will be named Epstein's successor.

A baseball source also told ESPNBoston.com that current Padres GM Jed Hoyer would be granted permission to leave for the same position with the Cubs when San Diego promotes senior vice president of baseball operations Josh Byrnes to vice president/GM.

The Red Sox will presumably introduce Cherington as GM in Boston on Tuesday as well. Major League Baseball generally prohibits announcements during the World Series.

Information from ESPNBoston.com's Gordon Edes and The Associated Press was used in this report.