Epstein resigns from Red Sox to join Cubs

In this Dec. 11, 2010 file photo, Boston Red Sox general manager Theo Epstein speaks during a news conference at Fenway Park in Boston.
File,AP Photo/Winslow Townson

CHICAGO - Theo Epstein is joining the Chicago Cubs as president of baseball operations.

The 37-year-old Epstein resigned from the Boston Red Sox on Friday night with a year remaining on his contract as general manager to run a team that has gone 103 years without a World Series championship.

With Epstein at the helm, the Red Sox ended an 86-year World Series championship drought in 2004 and won the title again in 2007.

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Cubs fans can only hope he will do the same thing on the North Side. Cubs chairman Tom Ricketts fired GM Jim Hendry in July after another disappointing season.

The teams bickered for more than a week over compensation the Red Sox would receive for letting Epstein out of his contract. In the end, they decided to put off the issue of compensation until later.