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11/17/11 1:20 PM EST

Theo compensation talks tabled until December

Cubs, Red Sox to resume discussions following Rule 5 Draft

MILWAUKEE -- Cubs president of baseball operations Theo Epstein said Thursday compensation talks between the Cubs and Red Sox have been tabled until after the Rule 5 Draft on Dec. 8.

The Red Sox are seeking compensation after Epstein left Boston with one year remaining on his contract to take the Cubs job.

"[Red Sox GM Ben Cherington] and I talked, and we agreed that it makes sense to put it off until after the Rule 5 Draft," Epstein said Thursday as he left the General Managers Meetings. "Some things will be more clear -- rosters and what not. There's nothing to report on except that we've agreed to re-engage after the Rule 5 Draft. It's very amicable. Lots of jokes about it. We'll see if we can get something done after the Rule 5 Draft."

Major League Baseball will not get involved unless the two teams cannot reach a conclusion, Epstein said. MLB Commissioner Bud Selig had set a Nov. 1 deadline, but that was extended.

The other GMs have had a good time with the topic, kidding Epstein as to how much he's worth.

"Trust me, there are lots of jokes going on about it," Epstein said. "The good ones can't be repeated."

Carrie Muskat is a reporter for MLB.com. She writes a blog, Muskat Ramblings, and you can follow her on Twitter@CarrieMuskat. This story was not subject to the approval of Major League Baseball or its clubs.