The Cubs paid a lot of money and are going to send undetermined compensation—a prospect or prospects—for the right to hire Theo Epstein while he still had a year remaining on his contract with the Red Sox—Boston.com Story.
Only hindsight will tell whether or not this is a wise move.
In similar fashion, the Red Sox were set to hire Billy Beane from the Oakland A’s after the 2002 season and send a young infielder named Kevin Youkilis to the A’s for the right to do so.
Beane backed out on the deal that was worth over $12 million and had some insane perks such as letting Beane spend a chunk of his time on the West Coast and run the Red Sox from there.
Retrospectively, it’s hard to see Beane having replicated the success enjoyed by Epstein and his staff with the Red Sox. Two championships; an annual contender with homegrown talent; and daily sellouts speak for themselves.
Now Epstein’s the man with the reputation.
But 5-years at $18.5 million? For a team president?
What’s Epstein going to do with the Cubs?
First he’s hiring trusted acolytes from the Padres and his days with the Red Sox including current Padres GM Jed Hoyer.
I wondered yesterday why the Padres were letting Hoyer go without compensation since he’s under contract through 2014, but they’re going to receive prospects from the Cubs as well.
I wouldn’t give up players for an executive, but this is the way business is being done today. Don’t automatically dismiss how good the prospects might be because few knew what Youkilis was before Moneyball.
If anyone’s thinking the Cubs are going to be a lean machine of inexpensive “finds” that the “genius” Epstein discovered using some arcane formula that he and only he knows, you haven’t been paying attention.
Back when Beane was set to take over the Red Sox, an important factor in his potential for success or failure is that the details of Moneyball and Beane’s strategies weren’t widely known because the book had yet to be published. He was operating from a personal strategy borne out of desperation that not all were privy to; now, everyone has the same stats and are, again, reliant on old-school scouting techniques; an intelligent manager; superior coaching; smart trades; good free agent signings; and luck.
Those who point to other clubs who’ve been successful on a budget aren’t delving into the requisite factors of a team like the Rays maintaining excellence without any money and a decrepit, uninviting ballpark—they’ve got a load of starting pitching from being so consistently terrible for years; locked up key components like Evan Longoria; and have been masterful at finding bullpen arms and putting them in a position to succeed with an altered approach and a superlative defense.
There’s a baseline of talent with the Cubs—just as there was one with the Red Sox when Epstein was placed in charge there. It’s not as deep nor as good, but they have some starting pitching with Matt Garza, Ryan Dempster and Carlos Zambrano (who’s a lunatic, but might be salvageable); they have Starlin Castro; and relievers Jeff Samardzija, Sean Marshall and Carlos Marmol.
It’s not a barren wasteland and there’s no mandate to cut costs due to monetary constraints.
This whole series of events is a bit incestuous and reminiscent of the decried “old boys club” of yesteryear when former players or loyal executives were placed in the perch of GM rather than finding someone qualified to do the job with a breadth of experience in every aspect of running an organization.
Epstein, who wanted to leap from the Red Sox Hindenburg, got his out—and a lot of money and power—with the Cubs.
Hoyer is leaving a situation where he couldn’t spend big and is grabbing the Epstein ladder to be his top lieutenant and run the club on a day-to-day basis while Epstein acts presidential.
Another former Epstein assistant, Josh Byrnes, is taking over in San Diego.
This is a similar dynamic to that which was rebelled against with Moneyball—that “old boys club”. Outsiders have become insiders, except that now, it’s not a litany of former players and longtime employees, but young college graduates who cut their teeth as interns, crunched numbers and worked their way up; it’s reaching its logical conclusion with the failures of such names as Paul DePodesta, whose tenure with the Dodgers was a nightmare that cannot be conveniently laid at the feet of Frank McCourt as many set out to do in his weak defense.
Beane himself has become a punchline.
And that’s a far cry from what was essentially a blank check and contract that Red Sox owner John Henry used to lure Beane to the Red Sox.
In today’s world, a GM has to be savvy to finances, scouting, development and stats; he has to delegate; and he (or she—Kim Ng is going to interview for the Angels job) has to be able to express himself to the media, saying things without saying anything to get into trouble.
Epstein has all these attributes.
But so did Beane.
Could another GM candidate like Jerry DiPoto or Tony LaCava go to the Cubs and do essentially what Epstein’s going to do? What he did with the Red Sox? Spend money, draft well, make some trades that might or might not work out and cover up any free agent mistakes with more money?
And could they do it at a cheaper rate than $18.5 million for Epstein; presumably another $5 million for Hoyer; and the prospects that are going to the Padres and Red Sox?
Again, I say yes.
Time will tell if this was a smart move. Just as the Red Sox were fortunate that Beane backed out on them and they hired Epstein, the Cubs could see one of the people they had a chance to hire go elsewhere and become the man they think they’re hiring now, except another club will benefit from that unknown.
The Cubs got the man they wanted.
We’ll see if it works out or if they would’ve been better off to have had the negotiations come apart, leaving them to hire someone younger and with the same attributes that got Epstein the Red Sox job in the first place.
2 thoughts on “Don’t Expect Miracles From Theo Epstein”
This is a good article and you make some fair points. If anything, I think that Ricketts wanted to signal to the fans that the Cubs are not rebuilding and are looking to contend now.
The 15 million dollars for Epstein (and we must consider the money to Hoyer) will be a drop in the bucket if the fans believe Theo is “going” to put a winning team on the field. Hiring someone with his track record, and organizational philosophy, is probably still a net plus. If you stack up the Red Sox lineup against the Cubs everyday lineup it doesn’t even compare.
I would take the Red Sox pitchers over the Cubs pitchers as well. Epstein and crew did a good job and the fact that he is “Theo Epstein” with his connections in the industry could possibly lead to trades and deals getting consumated that otherwise might not have happened.
I think it’s a good signal to the fans and we will see if the investment for Epstein and Hoyer pan out.
A big name like Fielder and a few smart pitching and positional pickups and I’m sure the fans will return in droves and maximize Rickett’s financial investment.
It’s $18.5 million for Epstein.
I don’t think the money is an issue for Ricketts—he has it and is willing to spend it; he wants to win and he went out and got one of the more recognizable names with a history of success.
The Cubs aren’t terrible and can be patched together relatively quickly. Epstein does have a philosophy that he wound up betraying with the Red Sox due to pressure and circumstance. It was inevitable; the more they won, the more they were expected to win and he had to compromise what he envisioned in building a club with a high, but not outrageous payroll, and a pipeline of homegrown talent augmenting the roster.
Now that he’s club president, he’ll be in a better position to run things the way he wants.
I don’t know about the connections in the industry helping him anymore than they would anyone else; it’s a business and if he and another club negotiate a deal that works for both sides, a personal relationship won’t matter much. But because Josh Byrnes, Billy Beane and Sandy Alderson could be considered friends/mentors, the lines of communication will be more open without any subterfuge clouding the intentions of either side.
It’s a good hire for the Cubs, but don’t expect an NLCS appearance in his first year and a championship in his second as happened with the Red Sox.