The latest on this mess is that it's now in Seligs hands. The Red Sox are asking for way more then the Cubs are willing to give. Here is what Theo had to say on WEEI on week or so ago...
"Throughout the history of baseball, there's really only a handful of instances in which there's been any compensation whatsoever for executives." He added that in those cases, "compensation has been pretty reasonable. When Andy MacPhail, who had won two World Series, left on a lateral move from Minnesota to Chicago back in '94, his compensation was the 30th-ranked prospect in the Cubs' system [Hector Trinidad] and a little bit of cash." In Epstein's opinion, "There's no precedent for major, major compensation here."
The Red Sox say that Theo is more valuable then any guy who moved to another team. They also say that the move he made is in fact is a lateral move. I doubt the Red Sox win this argument, and they will be lucky if they get a top 25 prospect in the Cubs system, which blows and just shows just another instance where the Red Sox owners have messed up.