The Cubs and president of baseball operations Theo Epstein have agreed to a five-year contract extension, the team announced Wednesday. The team did not disclose the terms of the deal.
Epstein's contract had been set to expire at the end of the season. He joined the Cubs on a five-year contract on Oct. 25, 2011.
Cubs agree to 5-year extension with Theo Epstein
The Cubs are also extending the contracts of general manager Jed Hoyer and senior vice president of player development Jason McLeod, according to Yahoo Sports! The club has not confirmed that report. Hoyer and McLeod, who worked with Epstein with the Red Sox, joined the Cubs along with Epstein in October 2011.
"In the five years under Theo's leadership, he has brought in a strong executive team and acquired and developed some of the best players in the game," Cubs chairman Tom Ricketts said in a release. "Now, the results are on the field. My family and I have no doubt that we have moved closer to our goal of delivering Cubs fans the World Series championship they deserve."
Ricketts also said extending Epstein's deal "ensures the baseball operations team assembled by Epstein will continue its remarkable tenure of building a consistent championship contender."
Under Epstein, the Cubs have now made the playoffs in each of the past two seasons. They advanced to the National League Championship Series last year as the NL Wild Card team, and this season, they've clinched their first NL Central title since 2008. The Cubs have the best record in the Major Leagues this year, as well as their first 100-win season since 1935.
Epstein previously served as the Red Sox's general manager, when the team won the World Series in 2004 and '07.
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