Theo Epstein Inks New Contract with the Boston Red Sox

Shawn OwensAnalyst ISeptember 16, 2008

The Boston Red Sox signed GM Theo Epstein to a new contract today. The terms of the deal are unknown, but sources close with the club say it is at least a three-year deal.

Theo Epstein resigned with the club in 2005, citing philosophical differences with President and Chief Executive Officer Larry Lucchino. He returned to the club later, signing a three-year deal, which was to expire at the end of this season.

Principal Owner John Henery says, "We are all on the same page with regard to our vision for the organization. The negotiations were pleasant, and we're all about rewarding Theo for the great, great job he has done in bringing two world championships to the Red Sox. We look forward to the difficult task of trying to win a third."

With the way the Sox are currently playing, a third may come sooner rather than later.