The Cubs and Padres have used the break in news due to tonight's rainout of World Series Game 6 to make the following announcement, via press release from the team:
The Chicago Cubs and San Diego Padres jointly announce today that Jed Hoyer and Jason McLeod will leave the Padres, effective immediately, to accept positions with the Cubs. The Cubs have agreed to send the Padres a player to be named later as compensation.
Both the Cubs and the Padres intend to hold press conferences after the World Series. The Cubs intend to announce Hoyer as Executive Vice President/General Manager and McLeod as Senior Vice President/Scouting and Player Development, while the Padres intend to announce Josh Byrnes as Hoyer’s successor.
Out of respect for the World Series, both clubs have agreed to forego further comment until holding their respective news conferences after the World Series is complete.
This news has been expected for quite some time, and brings the band back together, so to speak; Theo Epstein, Hoyer and McLeod were the architects of two World Series titles in Boston before Hoyer moved on to the Padres as GM in October 2009 and McLeod joined him there as his assistant.
Sounds like a plan to me. Clearly, Theo intends to get right to work. I'm excited to see what happens in the near future.