Numerous reports have the Theo Epstein compensation matter resolved by a "settlement trade."
The Cubs are sending pitcher Chris Carpenter and a player to be named later to the Red Sox for a player to be named later. Since Commissioner Selig cannot unilaterally make trades between teams, MLB's resolution of the matter appears moot. Why have players to be named not named in the deal? The players may not be on the 40 man roster or they may not be eligible to be traded until after one year. Normally, when a player to be named is stated, the teams already know who the player(s) will be. It is also an open question whether San Diego's compensation for Hoyer is part of this transaction (i.e. the Boston player).
One thing is certain: Boston received significantly more than the White Sox did for Guillen; and significant more than the Twins did when the Cubs acquired Andy McPhail. In prior cases, low level (A) prospects were the compensation. In the Theo case, it is major league (40 man roster) player plus.
Carpenter is major league ready. In 10 games last season, he had a 2.79 ERA. He showed a live fastball and appears suitable for bullpen duty. Since the trades of Marshall and Cashner, we viewed Carpenter as a potential closer-in-training during Marmol's last two contract years. We suspect that is what may happen with the Red Sox, who lost their closer to free agency over the winter.
The Cubs now have 39 men on the active roster, but have not formally announced the Cuban defector Concepcion signing (which may be a major league contract and 40 man roster spot). If that is the case, it would appear Mateo would take Carpenter's bullpen slot since Mateo is out of options and the Cubs appear inclined to stockpile arms. Mateo, a year older than Carpenter, had some experience in Iowa closing games.
Add to the fact that Samardzija is in camp to be stretched out to be a starter (which he failed at when he was signed off the football squad), the bullpen is going from the strongest segment to maybe the weakest this off season. Delete Marshall, Cashner, Samardzija and Carpenter from the bullpen. Hold on to wild Marmol, aging Kerry Wood, and lefty specialist Russell, there is a huge talent gap to fill in the four open pen spots.
