For Theo: The Price Was Wrong

Theo Epstein Came Up $50 Million Short in Bid to Scoop Up David Price

Red Sox lefthander David Price was all smiles at the press conference announcing his signing at Fenway Park in December. (AP Photo/Winslow Townson)

Via “Appearing on WEEI’s Hot Stove Show on Tuesday night, Cubs president of baseball operations Theo Epstein said the Cubs fell roughly $50 million short of Boston’s offer.

“We ended up a distant third,” Epstein said. “…He’s a great pitcher and we were involved and very interested,” he said. “We thought, he’s an elite, elite pitcher, the kind that very rarely makes it to the free agent market, he’s got terrific makeup, where he influences a team not just through his performance on the field, but he’s a real culture-changer or a culture-enhancer, at the very least, in the clubhouse.

“We would’ve loved to have signed him. We went to our limits and, of course, every club recognizes there’s some inherent risk in long-term deals for pitchers, so every club draws its lines where they think the contract makes sense. We just came up a little bit short. It was a great coup, certainly, for the Red Sox. They were looking for someone at the top of their rotation to lead their rotation and they couldn’t have found a better fit than David Price.”