GMs are mum on compensation

Ben Cherington and Theo Epstein were mum on the topic of compensation from the Cubs at the Hot Stove Cool Music panel discussion at State Street Pavilion at Fenway tonight.

Cherington and Epstein spent a lot of time together today, but the matter is now in the hands of Major League Baseball and Bud Selig and both sides appear content to allow the process to play out.

“I don’t know,” said Epstein when asked about the status of things. “Seems like it should be coming to an end sometime soon.”

Later, when asked, Epstein said, “I don’t think it’s appropriate for me to talk about it. No one has really talked much about it. Probably a better question for MLB. I don’t know (if it will be resolved before spring training).”

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League sources have indicated an outcome should occur soon. The teams have submitted names to the commissioner and it appears he will soon make a ruling. The two sides had agreed that a “significant” player would change hands. That was the agreement in allowing Epstein to escape the year remaining on his contract and become president of baseball operations for the Cubs.

The charity that benefited from tonight’s event, The Foundation to be named Later, was founded by Epstein and his brother Paul, a social worker. It helps create opportunities for disadvantaged children in the Boston area.

The panel discussion– which explored the gap between small market vs. large market teams — featured Bobby Valentine, Sean Casey, Curtis Granderson, Pirates GM Neal Huntington, Cherington and moderator Peter Gammons.