Here’s the joint release from the Boston Red Sox and Chicago Cubs about now former Red Sox GM Theo Epstein leaving to go to the Cubs.

CHICAGO – The Boston Red Sox and the Chicago Cubs jointly announce this evening that, effective immediately, Theo Epstein has resigned from the Red Sox in order to become the new President of Baseball Operations for the Cubs. The Clubs also 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.

Boston Red SoxBoth the Red Sox and the Cubs intend to hold press events on Tuesday, October 25 during which the Cubs intend to announce Mr. Epstein, and the Red Sox intend to announce his successor as General Manager.

Out of respect for the World Series, both clubs have agreed to forego further comment until Tuesday, the next scheduled non-game day. Further information on each club’s media availability for Tuesday will be distributed on Monday.

Essentially what this all means is that whomever is the media’s source will tell one of them who the players are in the deal. Then the media will report it and it’ll piss Bud Selig off.

We already know that Ben Cherington will take over for Theo as the new general manager. And as the release says, that announcement will come on Tuesday during what could be a travel day during the World Series.

Anyways, I’d just like to say thank you to Theo for everything he’s done for the Red Sox, especially for the two World Series titles.