ESPN's Buster Olney also reported that the deal is done. Olney reported that Epstein and the Cubs have met twice, and that Red Sox management is fully prepared for his departure. Olney reported that the Cubs' deal with Epstein is closer to $20 million than $15 million, because of a $3.5 million conclusion bonus they inherited from his Red Sox contract.
This story has obviously created a lot of interest. It's great for the Cubs and for their future. The earlier post is getting a lot of traffic, so I'm creating this one primarily as an overflow thread.