In what was the Ricketts' family's best move since refinancing some of their bank debt, Jim Hendry has been dismissed as General Manager of the Chicago Cubs.

Now, this move comes two years later than it should have. When the Ricketts got the team in 2009, they should have either fired Hendry on the spot or extended his contract. Instead, they dithered and blew two minor league drafts and millions on Milton Bradley.

That said, if you are going to change GMs, now was the perfect time to do it.

See, the best time to hire a new GM is right after a draft and signing period is complete. If you bring in the new GM just before the draft, the new guy is most likely unprepared and will have to conduct the draft using the scouts and data from the previous regime. That's not a good idea since the new GM will have his own scouting and development people he wants to hire and his own metrics to select new players.

You also don't want to hire the new GM during the post-draft signing period as the old GM will have already talked to agents for the draftees and has managed all the negotiations. A new GM hired post-draft but during the signing period could be a recipe for disaster.

Either way, you could blow a whole draft year by changing close to the draft.

The best time to change is right now. The new GM gets a full year to get his scouts in place for the draft and 8 to 10 weeks to review the organization and determine off-season free agent needs. If you wait to the end of the season, you cost your new GM the chance to see your minor leaguers in play and shorten his free agency prep.

Jim Hendry's disastrous reign is over. Hope once again springs eternal at Wrigley. And the Ricketts finally did something right.