Cubs Set To Hire Theo Epstein And Jed Hoyer

ESPNChicago.com is reporting this morning that Theo Epstein will be officially hired Thursday as President of Baseball Operations and that San Diego Padres GM Jed Hoyer will also be joining the Cubs as general manager.

How those two will divide up decision-making would, of course, be up to them, but that would give the Cubs a 1-2 tandem that once worked together in Boston.

A news conference is expected to be held tomorrow. Regarding compensation, David Kaplan tweets:

I'd rather not give up McNutt, either, but, as Kaplan says... so be it, if it's true. I will update this post with more information as it becomes available.