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Henry: Epstein has new deal

Posted by Dan Shaughnessy, Globe Staff  September 16, 2008 03:12 PM

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Red Sox general manager Theo Epstein has agreed to a contract extending beyond this season, but the deal has not yet been formalized or signed, according to owner John Henry.

‘‘We are all on the same page with regard to our vision for the organization," Henry wrote in an e-mail this afternoon. "The negotiations were pleasant and were 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."

Henry clarified in a later e-mail that while the main negotiations were complete and "lawyers are handling the details," the sides haven't settled all matters.

Terms for his new deal are unknown.

Epstein, who was raised in Brookline, was named the Red Sox general manager on Nov. 25, 2002. Then 28, he was the youngest GM in baseball history at the time.

In his first season, the franchise fell one victory shy of a World Series berth. The next year, the Red Sox won it all for the first time since 1918, and made the postseason for the third straight year in 2005.

But shortly after the '05 season ended, Epstein resigned from the Red Sox due to philosophical differences with president/chief executive officer Larry Lucchino. He returned to the team a few months later, signing a three-year deal which was to expire at the end of this season.

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