Contract Extension for Chicago Cubs President Theo Epstein Could Come “Soon”

theo epstein and tom rickettsI want to be upfront about today’s update to the Theo Epstein/Cubs contract extension story, because there is news to report, but it isn’t exactly Earth-shattering. Yet.

So first, let’s get to the facts:

  • Theo Epstein’s initial five-year contract expires at the end of the 2016 season.
  • There have been no reports of a completed extension or new contract just yet.
  • Any new Theo Epstein contract is expected to make him the highest-paid executive in baseball (over Dodgers President Andrew Friedman).
  • Both sides want to continue the relationship, and discussions have taken place to make it so.
  • [adinserter block=”1″]Strictly speaking, that’s it. But thankfully, there’s some new stuff to say. Last time we fully checked in on these negotiations was back in February. At the time, much like now, both Epstein and Cubs Owner and Chairman Tom Ricketts insisted that a deal would eventually get done and that there was “no urgency” from either party or reason for concern.

    Of course, given how successful Epstein has been in Chicago and how close to the season we were slowly getting, most Cubs fans shared at least some level of concern (it’s in our nature).

    And then there was radio silence.

    A month and half went by, as did Spring Training, and then, last night, the Chicago Cubs played their first game of the season – the last Opening Day of Epstein’s current contract – with no word on an extension or contract of any kind. I think it’s fair to say that, typically, players and executives like to complete these sort of discussions in the offseason, when the craziness of the regular season isn’t dictating their lives. So, without any news before last night, I was quietly bummed.

    [adinserter block=”2″]But then, as the two men joined the team in Anaheim last night, we received some slightly different, more encouraging remarks on the status of an extension – which you can read about here, here, here and here.

    “I thought they were good productive conversations,” Epstein told Carrie Muskat of Cubs.com. “We both feel it will get done at some point soon.” For his part, Ricketts added (via Jesse Rogers at ESPN), “I think we’ll get to a conclusion pretty soon.”

    Did you catch the distinction between these comments and what we’ve heard before?

    For months, we’ve heard that the two sides were on the same page, or believe a deal will eventually get done, but, for the first time, these two public figures – who are extremely cognizant of the words they choose – added the qualifier “soon” to their responses, independently. According to multiple reports, the sides rekindled (or continued, for all we know) these negotiations in the Spring and are actually expecting something to get done relatively soon.

    [adinserter block=”3″]And, if you’re rolling your eyes at how much weight I’m putting on that one word – soon – I’d reconsider your position. There’s nothing to gain for either party, by publicly announcing a deal is forthcoming (if, in fact, nothing was close). And, as we saw, once they did say something, there were at series of articles written almost immediately (like this one) picking apart every word they said.

    So, while I was never truly concerned that the season would end without an extension for Epstein, I am now as far away from that fear as I have ever been. I believe in what both Epstein and Ricketts have said, and am tentatively expecting an announcement sometime in the near future.

    We’ll keep you updated on this, as well as any related contract discussions with other key members of the front office, which may be occurring here at the same time.

    written by

    Michael Cerami began covering the Chicago Cubs for Bleacher Nation as a part-time contributor in 2015. One year later, he joined Bleacher Nation full-time, covering the Chicago Cubs and Major League Baseball. Today, Michael runs Bleacher Nation, contributing as a writer (Cubs, MLB) and an editor for all sections of the site, including the Chicago Bears, Bulls, and Blackhawks, as well as MLB, NBA, NHL, and NFL. In 2019, Michael was the co-host of NBC Sports Chicago's Cubs Post-Game Show Outside the Ivy. You can find him on Twitter/X @Michael_Cerami

    more cubs news

    Bellinger Optimistic Post-Injury, Busch’s Defense, Almonte Stock Rising, Tauchman Slugging, and Other Cubs Bullets

    I recently stumbled onto this live cover of Linger by The Cranberries and I can't stop listening to it. Give it a go. I bet you like it. In case you missed it last night, Cody Bellinger exited last night's...

    Chicago Cubs Org Homer Party: 13 Homers for the Organization

    The big league Cubs last night beat the Astros largely on the strength of the long ball, scoring six of their seven runs that way. Cody Bellinger kicked things off with a monster two-run shot, and Mike Tauchman followed with...

    Oh, Come On: Cody Bellinger Lifted Mid-Game with an Apparent Injury (UPDATE: X-Rays Negative)

    The Cubs cannot catch a break this year, man. They've already dealt with injuries to Jameson Taillon, Justin Steele, Kyle Hendricks, Drew Smyly, Julian Merryweather, Seiya Suzuki, and Ian Happ (did I forget anyone?). And tonight, it seems maybe something...

    Enhanced Box Score: Cubs 7, Astros 2 – April 23, 2024

    Well there was one big thing not to like about tonight's game - Cody Bellinger was lifted with a right rib contusion after colliding with the outfield wall - and about a million things that were great. And since we...

    Mike Tauchman Did it AGAIN – Second Oppo Homer of the Game!

    Nothing like a little insurance late. Mike Tauchman, who already hit his first home run of the season earlier in this game, just hit his second home run in the 8th! Another opposite field blast for Tauchman, who's been hitting...

    James Triantos Homers TWICE for the Smokies

    It really is a Cubs homer party up and down the system. In Chicago, Cody Bellinger and Mike Tauchman have gone deep. At Myrtle Beach, Christian Hernandez and Jefferson Encarnacion each homered. At South Bend, Yohendrick Pinango homered. And at...

    Kevin Alcantara Led Off Tonight’s Game with a Bomb (UPDATE: And Then Did It Again!)

    Kevin Alcantara wasted no time giving the Tennessee Smokies the lead on Tuesday night (or maybe he just wanted to be a spiritual part of the homer party going on at Wrigley Field). Facing off against the Rocket City Trash...

    Mike Tauchman’s First Homer of the Year Caps Off a 5-Run Cubs Ambush!

    I don't like to use "ambush" lightly. But what would you call it when the Cubs put five balls in play over 100 MPH, including a single, a double, and two home runs en route to putting five runs on...

    Ian Happ Hit Missed a Homer by a Foot, So Cody Bellinger Launched One into Space to Pick Him UP

    Ian Happ was back in the Cubs lineup tonight after missing a few games with a sore hamstring. And in his first at-bat back, he sent one 412 feet to dead-center field for a VERY long double (Statcast says it...

    Pre-Gamin’: Astros at Cubs (6:40 CT) – Lineups, Broadcast Info, Game Thread

    CUBS LINEUP — The Chicago Cubs are back in action tonight for the first of three games against the Houston Astros at Wrigley Field. Here's a look at the Cubs lineup for Game 1. Chicago Cubs Lineup: Nico Hoerner, 2B...

    Latest News

    Brewers vs. Pirates Prediction: Expert Picks, Odds, Stats & Best Bets – Wednesday, April 24, 2024

    The Milwaukee Brewers (14-8) hope to avoid an upset as -116 favorites when they take on Andrew McCutchen (with homers in two straight contests) and the Pittsburgh Pirates (13-11). First pitch is at 6:40 PM ET Wednesday, live from PNC...

    Rays vs. Tigers Prediction: Expert Picks, Odds, Stats & Best Bets – Wednesday, April 24, 2024

    The Tampa Bay Rays (12-13) and Detroit Tigers (14-10) meet Wednesday at Tropicana Field, starting at 6:50 PM ET on BSSUN. The Rays are -121 moneyline favorites for the contest, however, the Tigers are favored against the spread of 1.5...

    Dodgers vs. Nationals Prediction: Expert Picks, Odds, Stats & Best Bets – Wednesday, April 24, 2024

    Led by Shohei Ohtani (two-game homer streak), the Los Angeles Dodgers (14-11) are favorites versus the Washington Nationals (10-12) Wednesday at 6:45 PM ET. Bookmakers have named the Dodgers as -186 favorites for the game, which airs on SportsNet LA.Los...

    Braves vs. Marlins Prediction: Expert Picks, Odds, Stats & Best Bets – Wednesday, April 24, 2024

    The Miami Marlins (6-19 look to avoid the sweep when they visit the Atlanta Braves (16-6) in the final game of a three-game set. Bookmakers have listed the Braves as -240 favorites, while the Marlins are +198 underdogs to pick...

    Reds vs. Phillies Prediction: Expert Picks, Odds, Stats & Best Bets – Wednesday, April 24, 2024

    The Cincinnati Reds (13-10) and Philadelphia Phillies (15-9) meet Wednesday at Great American Ball Park, starting at 6:40 PM ET on BSOH. The Reds are -114 moneyline favorites for the contest, however, the Phillies are favored against the spread of...

    Yankees vs. Athletics Prediction: Expert Picks, Odds, Stats & Best Bets – Wednesday, April 24, 2024

    The New York Yankees (16-8) are set to take on the Oakland Athletics (9-15) Wednesday at 7:05 PM ET, airing on Amazon Prime Video. The Yankees are listed as -228 favorites by oddsmakers, while the underdog Athletics have +187 odds...

    Cubs vs. Astros Probable Starting Pitchers – April 24

    The Houston Astros (7-17) square off against the Chicago Cubs (14-9) on Wednesday at Wrigley Field after a three-game losing streak. The contest starts at 7:40 PM ET.The probable pitchers are Jameson Taillon (1-0) for the Cubs and Spencer Arrighetti...

    Blue Jays vs. Royals Probable Starting Pitchers – April 24

    The Toronto Blue Jays (13-11) visit Kansas City to face the Kansas City Royals (14-10) at 7:40 PM ET on Wednesday.The Blue Jays will give the nod to Yariel Rodriguez and the Royals will counter with Alec Marsh (3-0, 3.22...

    Twins vs. White Sox Probable Starting Pitchers – April 24

    The Chicago White Sox (3-20) bring a five-game losing streak into a road contest against the Minnesota Twins (9-13) at 7:40 PM ET on Wednesday.The probable pitchers are Joe Ryan (0-1) for the Twins and Garrett Crochet (1-3) for the...

    Rangers vs. Mariners Probable Starting Pitchers – April 24

    The Seattle Mariners (12-11) play on Wednesday in Arlington against the Texas Rangers (12-12). First pitch is at 8:05 PM ET.This contest's pitching matchup is set, as the Rangers will send Jon Gray (0-1) to the mound, while Bryce Miller...

    more cubs news