Cubs send reliever Carpenter to Red Sox

After months of back-and-forth, the Theo Epstein compensation issue has finally been settled with the Boston Red Sox. The Chicago Cubs today assigned right-handed pitcher Chris Carpenter and a player to be named to the Red Sox for a player to be named.

“I am relieved that this process is over and particularly pleased that the teams were able to reach agreement on their own without intervention from MLB,” Epstein said. “I truly hope and believe that this resolution will benefit both clubs, as well as Chris, who is an extremely talented reliever joining a great organization at a time when there’s some opportunity in the major league bullpen.”

Last season, Carpenter combined to make 42 relief appearances between Double-A Tennessee, Triple-A Iowa and the Cubs, his first major league action. The 26-year-old right-hander spent most of his time with Iowa, going 2-3 with one save and a 6.53 ERA (22 ER/30.1 IP) in 22 relief outings. Carpenter posted no record and a 2.79 ERA (3 ER/9.2 IP) in 10 relief outings in the majors.

The Red Sox and Cubs have been locked in a disagreement over the Epstein compensation package for months, ever since he left the Red Sox shortly after the end of the 2011 season to become the Cubs president of baseball operations. The Red Sox initially asked for some of the Cubs’ top major and minor league talent, including pitcher Matt Garza and outfielder Brett Jackson.

“More than anything, I’m excited that we can all move forward and focus exclusively on getting ready for the season,” Epstein said. “I wish Chris and the Red Sox nothing but the best in 2012 and beyond.”

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