Cubs, Red Sox settle Theo Epstein issue

Updated: February 21, 2012, 9:03 PM ET
ESPN.com news services

The Chicago Cubs are sending relief pitcher Chris Carpenter to the Boston Red Sox as compensation for hiring Theo Epstein as president of baseball operations.

The Cubs and Red Sox will also exchange players to be named at a later date.

The sides had been unable to agree on compensation since Epstein left as general manager of the Red Sox in October. The matter was eventually passed on to commissioner Bud Selig and both sides submitted written arguments to Selig last week. But ...

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