CHICAGO, IL - OCTOBER 25: Theo Epstein, the new President of Baseball Operations for the Chicago Cubs, speaks during a press conference as Chairman Tom Ricketts listens at Wrigley Field on October 25, 2011 in Chicago, Illinois. (Photo by Jonathan Daniel/Getty Images)

Theo Epstein Formally Announced As New Chicago Cubs President of Baseball Operations In Press Conference

A new era for the Chicago Cubs officially began, as the Cubs formally introduced new President of Baseball Operations Theo Epstein at Wrigley Field.

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8 Total Updates since October 25, 2011
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Jed Hoyer, Jason McLeod Officially Join Theo Epstein In Chicago

Per MLB policy, teams aren't allowed to make major announcements during the World Series. Wednesday was supposed to be one of those days, but it's become an off-day now that Game 6 has been postponed due to inclement weather. Taking their cue, the Chicago Cubs announced tonight that former Padres executives Jed Hoyer and Jason McLeod are joining Theo Epstein in their newly fashioned front office.

Hoyer, previously San Diego's GM, and McLeod, the scouting director in San Diego, will end up taking similar roles on the North Side. The two were once key assistants to Epstein in Boston, and now they're all back together again in Chicago. According to Scott Miller of CBS Sports, the Cubs are giving up a player to be named later in exchange for acquiring their services.

Officially, Hoyer now has the title of Executive Vice President and General Manager, while McLeod is now Senior Vice President of Scouting and Player Personnel. They're regarded as two of the brightest minds in the sport these days, and you could probably argue that the Cubs have one of the most impressive front office leadership groups among any of the 30 MLB teams.

For more on the Cubs, check out Bleed Cubbie Blue, SB Nation's Chicago Cubs blog.

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Theo Epstein, Mike Quade Will Meet To Discuss Job As Manager

With Theo Epstein now officially in control of the Chicago Cubs, he'll begin to deal with various personnel issues that will loom large over the franchise this off-season. He'll have to decide what to do with players such as Carlos Zambrano and Aramis Ramirez, and he'll also have to decide who he wants to lead his team in the clubhouse. Current manager Mike Quade was seen as a surprising choice when he was hired last off-season by ex-GM Jim Hendry, and after a disastrous 2011 season, there is wide speculation that the Cubs' new regime will look to make a change. No decision has been made yet, and in his press conference on Tuesday, Epstein noted that he has talked to Quade, and will meet with him sometime soon to discuss the future of the franchise:

"I've already had a couple of nice phone conversations with Mike Quade," Epstein said during his introductory news conference Tuesday at Wrigley Field. "We have plans to meet in person sometime over the next week.

"Mike seems like a great guy and he has developed a great reputation over many decades in this game. I look forward to sitting down with him in person as a first step, sharing with him my vision for the organization. I'd like to hear his vision for the organization."

(via ESPN Chicago)

Quade has one year remaining on his contract, and if Epstein does retain him, it's believed it will be because he has his eye on a manager— say, current Rays skipper Joe Maddon— who may not be available this off-season.

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Jed Hoyer, Jason McLeod To Join Theo Epstein With Chicago Cubs By Monday According To Report

New Chicago Cubs President of Baseball Operations Theo Epstein didn't bring either one up during his press conference Tuesday afternoon, but Padres executives Jed Hoyer and Jason McLeod are still expected to join their former colleague in Chicago by next Monday according to ESPN.

Hoyer, San Diego's GM, and McLeod, the team's scouting director, have reportedly both been in Chicago recently and plan to get the old gang back together on the North Side. Epstein, Hoyer and McLeod used to work together in Boston when Epstein was at the helm there, and rumors have been running rampant that the three plan to team up once again to bring a championship to the Cubs.

ESPN reports that Epstein's first job in Chicago will be to run the press conference announcing the additions of Hoyer and McLeod, and that compensation between the Cubs and Padres has already been worked out. While Epstein avoided committing to any answer when discussing possible GM candidates earlier Tuesday, it's becoming quite clear that Hoyer and McLeod will be two of his key people.

Check out Bleed Cubbie Blue, SB Nation's Chicago Cubs blog, for additional Cubs news.

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Theo Epstein Admits Departure Of Terry Francona Played Key Role In Decision To Leave Boston Red Sox

One of the most interesting topics discussed during Theo Epstein's introductory press conference was his close relationship with former Red Sox manager Terry Francona. The relationship was so close that Epstein even admitted that he may still be in Boston if Francona was still the manager. According to WEEI, while it may have been awkward to return to the Red Sox with only one year left on his contract, Epstein revealed that he probably would have stayed had Francona returned for another season:

Epstein said that the decision to cut ties with manager Terry Francona after the season played a significant role in his decision to accept the job with the Cubs. He suggested that a managerial search led by him, entering his final year as Red Sox GM, would have been "awkward at best, disastrous at worst," and acknowledged that had Francona returned to the Sox for a ninth season, he "probably" would have remained with the Sox to conclude his contract.

This quote will likely further speculation that Francona could eventually join his good friend in Chicago. Be sure to stay tuned to SB Nation Chicago and Bleed Cubbie Blue for the latest news and information.

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Theo Esptein Formally Announced As President In Cubs Press Conference

In a press conference held a Wrigley Field, new Chicago Cubs President of Baseball Operations Theo Epstein gave some insight into how he plans on bringing a World Series title to Chicago’s north side.

First and foremost, Epstein emphasized the need to "build a solid foundation for sustained success" by putting money into research and development to find "the next competitive advantage" that can give the franchise an edge. Despite being known around the MLB as a sabermetric guru quantitative analysis, Theo was careful to talk about the importance of traditional scouting as well. "When we do achieve that sustained success and ultimately win the World Series, it will not happen because of one person, it will happen because of all of us," Epstein explained.

Getting the Cubs to the World Series is no small task, and that is something he seems to understand well, saying: "I was ready for the next big challenge. This is the ultimate challenge." He was further willing to acknowledge that "there’s a gap between where we are and where we want to be." With the Cubs coming off a disappointing 71-91 season and saddled with expensive players, at least Esptein seems to understand what he’s getting into.

However, three important issues went largely unanswered in the introductory press conference. First, Epstein said very little about what will happen to incumbent Manager Mike Quade, saying only that they have plans to meet in person some time next week.

Second, nobody defined how the power structure would operate in the Cubs’ front office. Will Theo Epstein be involved in day-to-day operations, or will the rumored new GM Jed Hoyer be the man making most decisions with Theo retaining final approval power? How will former Cubs President Crane Kenney be involved, if at all?

Finally, what compensation will be given to the Boston Red Sox in exchange for Theo Epstein? On this issue, Theo responded to a direct question on the issue by citing a great working relationship between the two franchises, and suggesting it would be worked out over the next few weeks. Interestingly, he also suggested that a "third party" could become involved. Is this a reference to MLB Commissioner Bug Selig, or perhaps another team?

Stay tuned to SB Nation Chicago for more information on the press conference and to Bleed Cubbie Blue for the latest Cubs news.

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Theo Epstein Press Conference: A Focus On 'Building A Solid Foundation For Sustained Success'

The Chicago Cubs finally made it official as team owner Tom Ricketts formally introduced Theo Epstein as the new President of Baseball Operations during Tuesday’s Wrigley Field press conference. Following along on mlb.com’s live stream, Epstein provided some interesting information.

After declaring “it truly feels great to be a Cub today” in his opening statement, Epstein focused on his approach to building a winner to Chicago’s north side. On how he will build towards success, he offered the following thought: “Over time we will build a solid foundation for sustained success that starts with the commitment to scouting and player development.”

No official decision has been made on incumbent manager Mike Quade at this point, with Epstein citing phone conversations with Quade, adding “we have plans to meet in person sometime next week.”

Stay tuned to SB Nation Chicago for more information on the press conference and to Bleed Cubbie Blue for the latest Cubs news.

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Chicago Cubs Set To Introduce Theo Epstein As New General Manager

A new era for the Chicago Cubs will officially begin tomorrow at 11 a.m., as the Cubs will introduce new President of Baseball Operations Theo Epstein at Wrigley Field.

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