Originally posted on Sox and Dawgs  |  Last updated 2/21/12

After months of indecision and not coming to an agreement on compensation for Theo Epstein, the Boston Red Sox and Chicago Cubs passed the matter on to MLB commissioner Bud Selig a few weeks ago. But before Selig could reach his decision, the two sides finally agreed to a deal.

As compensation for Epstein, the Red Sox will receive RHP Chris Carpenter, no not the one who won the NL Cy Young, and a player to be named later in exchange for a player to be named later. To make room for Carpenter on the 40-man roster, the Red Sox have placed Bobby Jenks on the 60-day DL.

Here's the release from the Red Sox:

The Boston Red Sox today acquired right-handed pitcher Chris Carpenter and a player to be named later from the Chicago Cubs in exchange for a player to be named later. To make room for Carpenter on the 40-man roster, the Red Sox placed right-handed pitcher Bobby Jenks on the 60-day disabled list as he recovers from back surgery.

With the trade, the compensation for Theo Epstein joining the Cubs as the team's President of Baseball Operations is complete. The transaction has been agreed upon by both clubs.

Carpenter, 26, made his Major League debut with Chicago in 2011 and posted a 2.79 ERA (3 ER/9.2 IP) over his 10 games with the Cubs, all out of the bullpen. He limited left-handed batters to a .143 average (2-for-14) and held opponents scoreless in eight of 10 outings. The right-hander also combined for 32 relief appearances between Chicago's Double-A Tennessee and Triple-A Iowa clubs last year, going 3-4 with two saves and a 5.91 ERA (28 ER/42.2 IP) between the two stops.

Selected by the Cubs in the third round of the 2008 First-Year Player Draft, Carpenter owns a 21-19 record, two saves, a 3.62 ERA (137 ER/341.0 IP) and 289 strikeouts in 96 career minor league games (60 starts) in Chicago?s system. He started 60 of his first 64 professional outings and has appeared in relief in each of his last 42.

Carpenter led all Cubs minor leaguers with a 2.82 ERA (41 ER/130.2 IP) in 2009 and was named an Arizona Fall League Rising Star in 2010.

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