A source close to negotiations said late Saturday that the younger Caray, 38, will join Turner Sports as a baseball broadcaster. An announcement could come next week.
"We don't have anything to announce at this time," said Turner Sports spokesman Greg Hughes, who wouldn't confirm any discussions or offers made to Chip Caray.
Chip Caray has been the Cubs' play-by-play man since 1998 and was a broadcaster with the NBA's Orlando Magic before that. He was going to join his grandfather, the legendary Harry Caray, on Cubs broadcasts, but Harry died Feb. 18, 1998.
Chip, Skip and Harry Caray made history by broadcasting a Cubs-Braves game in 1991, the first time three generations of broadcasters from a family worked a game together.
It's unclear how Chip Caray's hiring might affect the Braves' broadcast team. They have a four-man team of Skip Caray, Pete Van Wieren, Joe Simpson and Don Sutton, who split the TV and radio duties on TBS, Turner South and the radio network.
All four are completing the second year of contracts that include two-year options for 2005-06, and sources said Caray, Van Wieren and Simpson already have accepted offers to return for the next two seasons. Negotiations are ongoing with Sutton.
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