Cubs, Theo Epstein agree to 5 year contract extension

CHICAGO (WLS) -- Chicago Cubs chairman Tom Ricketts announced Wednesday that the team and Cubs President of Baseball Operations Theo Epstein have agreed to extend his contract for five years.

"In the five years under Theo's leadership, he has brought in a strong executive team and acquired and developed some of the best players in the game. Now, the results are on the field. My family and I have no doubt that we have moved closer to our goal of delivering Cubs fans the World Series Championship they deserve," Ricketts said, adding that the contract "ensures the baseball operations team assembled by Epstein will continue its remarkable tenure of building a consistent championship contender."

Epstein joined the Cubs in 2011. He had previously spent 10 season with the Boston Red Sox, nine as their general manager, and famously led them to their first World Series victory in 86 years