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« Mets Deep In Negotiations With Lowe | Main | Ricciardi: "We're Done" »
Yankees Sign Mark Teixeira
3:58pm: Joel Sherman says the Red Sox were at eight years, $168MM, so the Yankees outbid them by $12MM.
3:38pm: The contract does not include an opt-out clause, according to Danny Knobler. Knobler agrees with Olney that the Red Sox fell about $10MM short. He says the Sox are not inclined to react by "stepping up their pursuit of Derek Lowe or any other top starting pitcher."
2:55pm: Olney now agrees it's an eight-year, $180MM deal ($22.5MM per year). Bill Madden says Teixeira told the Yankees he preferred them all along, after the Angels and Red Sox backed off. Ha. Joel Sherman says the Yankees made this decision with the 2010 season in mind, given the weak free agent market. He says they'll now attempt to trade one of Johnny Damon, Hideki Matsui, Xavier Nady, and Nick Swisher.
2:26pm: Buster Olney says the Yankees have reached an agreement with Teixeira on an eight-year deal worth more than $170MM.
Aside from the Red Sox, the Brewers and Blue Jays also lose here. Each team's draft pick from the Yanks is pushed back one round - the Brewers get a second-rounder from them for C.C. Sabathia, the Jays get their third-round pick for A.J. Burnett.
2:17pm: According to Jon Heyman, the Yankees are on the verge of signing Mark Teixeira to an eight-year, $180MM deal with a full no-trade clause.
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Wow...an incredible scoop if true. By the way, 1st?
Posted by: metsobsessed | December 23, 2008 at 02:20 PM
Ugh.
Posted by: stellar | December 23, 2008 at 02:20 PM
Yes!
Posted by: metsobsessed | December 23, 2008 at 02:20 PM
HFS HFS HFS HFS.
Posted by: Sonya Henny's tutu | December 23, 2008 at 02:21 PM
Fourth!
Posted by: pskip13 | December 23, 2008 at 02:22 PM
Yes! as in I was first. No! to the fact that the Yankees got Tex. Dodgers fans should be pretty happy right about now. I'm launching a Let's Get Manny! campaign.
Posted by: metsobsessed | December 23, 2008 at 02:22 PM
Damn it.
Posted by: Furrski | December 23, 2008 at 02:22 PM
did anybody expect anything different?
Posted by: mike_lee | December 23, 2008 at 02:22 PM
Shoot
Fifth*
Posted by: pskip13 | December 23, 2008 at 02:22 PM
YESSSSSSSSS LETS DO THIS CASHMAN!
Posted by: Spieg7 | December 23, 2008 at 02:23 PM
wow.. i thought boston for sure.
Posted by: SwarzakGuy40 | December 23, 2008 at 02:23 PM
YES YES YES
THE BEASTS OF THE EAST ARE BACK. Tampa Bay and Red Sox fans, you better be SHIVERING in FEAR NOW
Posted by: Matt | December 23, 2008 at 02:23 PM
Big free agent year for the Yanks.
Not a jealous or smart comment, but no recession with them.
Posted by: studio179 | December 23, 2008 at 02:23 PM
Me thinks this is about as close to being done as Furcal to the Braves...
Posted by: Bdlugz | December 23, 2008 at 02:24 PM
ARod prediction: .325/.404/.666
48 HRs, 140 RBI.
Jeter and Damon >120 runs each.
Posted by: Sonya Henny's tutu | December 23, 2008 at 02:24 PM
Yankees on verge of signing Teixeira to an 8-year, $180M deal
http://sportsillustrated.cnn.com/2008/baseball/mlb/12/23/teixeira/?cnn=yes
Posted by: Pat Kelly | December 23, 2008 at 02:24 PM
Didn't Cashman say Nick Swisher will be their opening day first baseman? This signing could be problematic. However! I know Teixeira has some experience at 3B and OF. I can only assume that he will fill their needs as a backup 3B and 5th outfielder.
The Yankees are really filling some vital holes now.
Posted by: valis2374 | December 23, 2008 at 02:25 PM
If the Yanks have Tex long term
What about Jeter's and Posada's future?
The Captain can't stay at SS forever and Posada can't catch forever
This deal may cause long term issues and many logjams
Posted by: pskip13 | December 23, 2008 at 02:25 PM
Well, this sucks. Likely this means Manny will not land in the Bronx.... Mets may be in the driver's seat for him...
BUT this puts the Sox in the running for Lowe, driving up the price for him, which hurts the Mets.
Lowe or not, this is no-win for the Red Sox. Ow for me.
Posted by: Boh | December 23, 2008 at 02:25 PM
On Heyman's page is a link that leads to an error 404! Before you post something like this make sure you have a link that actually works!
Posted by: Me and Mr. T | December 23, 2008 at 02:25 PM
The Yankees a freakin drunkin sailors
Posted by: bosoxpapi61 | December 23, 2008 at 02:25 PM
Get 'er done, Cash...
Holy sh!t...I am so excited..
Posted by: B3NG4L | December 23, 2008 at 02:25 PM
Matt, I'd pick the Yankees to win the AL East now, but just one caveat: that's what I said when the Mets got Johan Santana last winter, and look how that turned out. He was brilliant, and they still blew it.
Posted by: metsobsessed | December 23, 2008 at 02:25 PM
8-180mil according to heyman on WFAN
Posted by: Boston Belongs To Me | December 23, 2008 at 02:26 PM
if its even true.... which i doubt everything about tex at this point.
long term deals have hurt the yanks as of late, they could have been more competitive last year if they werent tied down by guys like pavano, moose, and giambi... theyre still carrying some of the dead dead weight from last year in damon and matsui.
Posted by: elmedius | December 23, 2008 at 02:26 PM
ESPN News just confirmed it via Buster Olney
Posted by: Dominik | December 23, 2008 at 02:26 PM
Buster is reporting it too on ESPN
Posted by: Larsen101 | December 23, 2008 at 02:26 PM
"if only brian cashman didn't get dragged around by his balls by scott boras every day *sigh*. If Mark Teixeira signs with the Yankees I will stop watching. It means that the game has stooped to a new low. Not that I dont think the sox would still win the division, but it just shows that baseball has gone in entirely the wrong direction. There were always talks of where does it become too much of a business, and Scott Boras has single-handedly spoon fed the Yankees into crossing that line."
Santana/Beckett for the WIN!!!!!
Free Agency is nothing new. We let 3 free agents go, 3 come in. Giambi, Mussina, Pettitte? for Teixeira, Burnett, Sabathia
Posted by: ArodMVP217 | December 23, 2008 at 02:26 PM
Nice, looks like the market for Manny is really shrinking.
Posted by: cheba63 | December 23, 2008 at 02:26 PM
YES!! Please let it be true.
Posted by: money941 | December 23, 2008 at 02:26 PM
If this is true...wow. I was hoping he would end up with the Nats, so that it wouldn't impact the AL East race. I had wanted him to come to Boston, but I don't like the idea of signing someone to any more than a seven year deal.
Dammit, we need a salary cap in this sport.
Posted by: kevinb | December 23, 2008 at 02:26 PM
ESPN has reported Mark Teixeira has agreed to a deal with the NY Yankees. Turn on ESPN its on the bottom of the screen. The Yankees have signed him but the dollar amount is yet to be distributed to the public.
Posted by: Rolling{Night}Hawk{09} | December 23, 2008 at 02:26 PM
I had Tex to Boston 1st, Nat's 2nd, O's 3rd, Yanks 4th, Angels 5th.
Whoops!
Posted by: studio179 | December 23, 2008 at 02:27 PM
theres no reason to bother even watching baseball for the next 5 yrs. The Yanks just won at least 3 out of the next 5 championships.
Posted by: celtics464 | December 23, 2008 at 02:27 PM
lol reseshin?
Posted by: Baleen | December 23, 2008 at 02:27 PM
disgusting, shameless display of spending by the Yankees. It's almost like a slap in the face with our economic crisis.
Too bad money doesn't win championships...
Posted by: oaklandathleticsince88 | December 23, 2008 at 02:27 PM
I feel bad for Yankee fans if this is true. They just got rid of Jason Giambi's 8 year deal (who was WAY more productive then Tex was before signing with NY), and now they are ready to hand out a brand new 8 year deal, even worse then Giambi's. Ugh. Once again, Jason Giambi, in his 3 years before signing with NY, put up OPS+ of 153, 187, and 198. Todd Helton in his 3 years prior to signing his big deal posted OPS+ of 163, 160, and 147. Mark Teixeira has never come close to sustaining that type of production. I've said it all along, whoever gives Tex 8 years will regret it, it will end up being just a horrible deal. The real winners here are the Angels, and the losers are the Brewers if this is true, since they lose their 1st rounder.
Posted by: nrmax88 | December 23, 2008 at 02:27 PM
2 yrs/80 million guaranteed. vesting option for remaining 6 years at prorated clemens money. locker located in a skybox.
Posted by: 100backeduptrucks | December 23, 2008 at 02:27 PM
This would be a stupid deal for Boras to do because the yankees were the only other team interested in Manny. if it is true they will not sign manny and the dodgers will be able to offer their 2 year deal for manny. that is why i think Texiera will sign with the Red sox.
Posted by: joe | December 23, 2008 at 02:27 PM
YES MARK TEIXIERA IS A YANKEE THE GEORGETOWN GRAD NEW IT ALL ALONG!!!!!!!!!!!!!!
Posted by: stuntin' is a habit | December 23, 2008 at 02:28 PM
Yankees are a joke.
I'd be embarrassed to be fan.
Posted by: juiced | December 23, 2008 at 02:28 PM
HAHAHA, the yankees are already over the luxury cap for next year, they can have him for $1.4 per $1
Posted by: milezd | December 23, 2008 at 02:28 PM
"Get 'er done, Cash..."
Yeah because Cashman's skills is a GM is why he's able to get all this talent this offseason.
Posted by: Teetz1 | December 23, 2008 at 02:28 PM
i'm not upset.. im excited.. but I rather he went to the Sox for 2 reasons.. its good for the rivalry and we'd definitly would have signed Manny
Posted by: ImAwesome | December 23, 2008 at 02:28 PM
Manny to the Mets...it's coming...
Posted by: metsobsessed | December 23, 2008 at 02:28 PM
Who cares if you were the first to post in a thread? I guess if you're 12 that might matter.
Yankees/big market teams suck. As a small/medium market team fan (Reds) I'm jealous. I can't imagine how good the reds would be with Sabathia, Burnett, and Text on our team. Baseball needs a salary cap because this is freaking ridiculous!
Posted by: TheCincyKid | December 23, 2008 at 02:29 PM
So much for Cashman's plan to reduce salary. I guess he meant unless the Red Sox tried to sign Teixeira.
Posted by: SierraM | December 23, 2008 at 02:29 PM
YESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
Posted by: jman120 | December 23, 2008 at 02:29 PM
No need to come here anymore Santana/Becket For the wing, seeing as you won't be watching baseball anymore, lol
Posted by: ArodMVP217 | December 23, 2008 at 02:29 PM
i wonder if tex can teach a-rod how to hit in the playoffs?
Posted by: elmedius | December 23, 2008 at 02:29 PM
hey pskip don't sweat it - jeter will eventually be moved to the outfield.
Posted by: Sonya Henny's tutu | December 23, 2008 at 02:29 PM
"disgusting, shameless display of spending by the Yankees. It's almost like a slap in the face with our economic crisis."
Money is better spent in a bad economy...Still will take a lot of the swagger out of any titles won by NY in the short term.
Posted by: ECT | December 23, 2008 at 02:29 PM
If he's going to the Yanks, it would be because they allow escape clauses to the benefit of the player, which the BoSox refuse to do.
Good for the Yanks in addressing all of their needs; though there are clearly NO excuses anymore if they don't win it all.
Posted by: Mattyc44 | December 23, 2008 at 02:30 PM
Milezd - They're always over the luxury cap. The luxury cap ought to be renamed. It isn't much of a "cap" on anything.
Posted by: valis2374 | December 23, 2008 at 02:30 PM
John heyman just said on wfan yanks signed teixiera to 8years 180mil... i know you dont liek to post before its in writting but jsut giving everyone a heads up
Posted by: Thomas Burke | December 23, 2008 at 02:30 PM
I'm astounded. I can't believe they actually got him. I was fully convinced he was heading to Boston an hour ago.
Posted by: ajgdrums7814 | December 23, 2008 at 02:30 PM
"Yes!"
Posted by: metsobsessed | December 23, 2008 at 02:20 PM
your such a looser
Posted by: BxSquad | December 23, 2008 at 02:31 PM
Holy Sh*t.
Yankees spending crazy, crazy money.
Posted by: astralpanda | December 23, 2008 at 02:32 PM
"YES MARK TEIXIERA IS A YANKEE THE GEORGETOWN GRAD NEW IT ALL ALONG!!!!!!!!!!!!!!"
You sure "new" it, didn't you? Georgetown is so proud right now...
Posted by: Aduncaroo | December 23, 2008 at 02:33 PM
I was making fun of the people on FanNation that seem to think it's very important to be first on a thread, TheCincyKid. C'mon. Congratulations to the Yankees. Now their fans have a new toy to drool over. Come on Omar, let's get Manny...
Posted by: metsobsessed | December 23, 2008 at 02:33 PM
Merry Christmas fellow Yankee fans!
Posted by: yankeegirl49 | December 23, 2008 at 02:33 PM
Great. Now Lowe ends back up in Boston and Perez is with the Mets. I'm wearing a huuuuuge Happy Hat. Wonderful.
Posted by: CitizenSnips | December 23, 2008 at 02:33 PM
I can't believe that people are happy about this deal. It is seriously laughable. I have had to listen to Yankee fans complain about Giambi for years, and now they give out a bigger contract to a less productive player..... and everybody loves it. Good luck paying that much money to a 1B who may or may not be among the top 5 in baseball. What a horrible signing.
Posted by: nrmax88 | December 23, 2008 at 02:33 PM
i just threw up
Posted by: EWS1532 | December 23, 2008 at 02:33 PM
can anyone confirm is this a real signing...or a "furcal" signing?
Posted by: elmedius | December 23, 2008 at 02:33 PM
Lowe back to the Sox.
Ollie back to the Mets.
Manny back to the Dodgers.
Posted by: stellar | December 23, 2008 at 02:33 PM
Holy $hit. And here I thought the economy was hitting NY particularly hard. Somehow out-of-work investors = Yankees spending more money on free agents than the rest of baseball combined.
I think Teixeira is a good signing for them. Don't know what they do with the Damon/Matsui/Swisher mess now, but Teixeira definitely fills a hole for them.
Still, its pretty shocking to see the Yankees probably make the 3 biggest FA signings of the offseason when they went into the year with the highest payroll.
I don't really like the idea of a salary cap in baseball since teams have found ways to be competitive despite the largesse of the NY, LA, and Chicago teams. But maybe the luxury tax needs to be bumped up another notch or a new luxury tax tier needs to be added.
Posted by: mymrbig | December 23, 2008 at 02:34 PM
Is someone really comparing Tex' to Giambi? Tex' isn't a steriod ridden player who can't play defense
Posted by: defense | December 23, 2008 at 02:34 PM
Why don't they just sign Derek Lowe and Manny Ramirez too? Have a $350-$400 million payroll. What does it matter? Talk about buying a World Series.
Posted by: TheGrinch | December 23, 2008 at 02:34 PM
I do have to admit, if I were a fan of a team like the Rays, Pirates, or some other small market team, this would be really frustrating. The yankees are making baseball less and less appealing. I hope this works out exactly like the Giambi signing did for them...and I don't really hate the Yanks. I can understand one big deal in an offseason like this, but 3?
Posted by: Aduncaroo | December 23, 2008 at 02:35 PM
Ugh.
Posted by: zAck | December 23, 2008 at 02:35 PM
championship arent won on paper, damnit! they not going to win 3WS in the next 5 years. they throw they money like "drunken sailors" and bitch-slapping every struggling american by wiping there ass with 100$ bills.
Yankees suck, Merry Christmas!
Posted by: marlinsman1120 | December 23, 2008 at 02:37 PM
how do the sox lose? he wasn't a need.
Posted by: Boston Belongs To Me | December 23, 2008 at 02:37 PM
I had the shot.
There was no danger.
I took it.
Posted by: Sonya Henny's tutu | December 23, 2008 at 02:37 PM
Disgusting, cap baseball right now this is ridiculous this kind of crap shouldn't be allowed to happen.
Posted by: BucSox | December 23, 2008 at 02:37 PM
Fear not, CitizenSnips. The Mets could get Manny...but you're right, their chances of landing Lowe took a huge blow 20 minutes ago. I really don't want to see Ollie back at all, but he's the next best option.
Posted by: metsobsessed | December 23, 2008 at 02:37 PM
lol...at the people complaining about being done with bball. lol...what drama queens. as for me...i can't stop smiling with this signing.
Posted by: jayzmahal | December 23, 2008 at 02:37 PM
Sox were at 8 years 170mil
Yanks give 8 years at 180mil
21.25mil/yr vs 22.5 mil/yr
I wonder if there is some perk the Yankees were willing to offer that the Sox were not. I don't know if the Sox would avoid the no-trade clause. Opt-out in Tex's case doesn't seem too realistic.
Posted by: valis2374 | December 23, 2008 at 02:37 PM
I hope Mark enjoys being a nobody in New York and getting booed everytime he makes an out. He is stupid for choosing New York.
Posted by: Mike | December 23, 2008 at 02:37 PM
and i feared manny going to the yanks more than teixeira
Posted by: Boston Belongs To Me | December 23, 2008 at 02:38 PM
Wow, this is just silly the money they are spending. They best win it all now.
Are they still going to grab Pettitte now?
Posted by: grace02 | December 23, 2008 at 02:38 PM
You Met fans who seriously think you are going to sign Manny are delusional.
Posted by: m26555 | December 23, 2008 at 02:38 PM
I guess Nick Swisher was going to be the starting 1B in 2009 just as Mike Lamb was going to be the starting 3B in 2004, right?
I never once doubted the Yankees' ability here to go out and get Teixeira if they wanted.
Posted by: MattyMets | December 23, 2008 at 02:38 PM
How do red sox fans feel now? Frustrated to say the least? What a blow.
Red Sox should sign Lowe now.
Posted by: NedCollettiClueless | December 23, 2008 at 02:38 PM
Where is Stat-Man? I demand a mea culpa from our "Xbox/fantasy baseball lineup" argument a couple weeks back! ;)
How was this not the obvious destination? The Yankees will NEVER trim payroll if they don't have to.
Posted by: SaberGuy | December 23, 2008 at 02:38 PM
The Yankees and Tigers were the only two lux taxed teams last year. Needless to say the Yankees will be on that list again.
Posted by: studio179 | December 23, 2008 at 02:38 PM
Anyone know what this puts their team salary at for next year? Has to be well over 200 million.
Posted by: LargeBill | December 23, 2008 at 02:38 PM
2009. First world series to be bought.
Posted by: grathanial | December 23, 2008 at 02:38 PM
nrmax88 are u really trying to argue giambi is a better signing then tex
Posted by: austin020690 | December 23, 2008 at 02:39 PM
"ARod prediction: .325/.404/.666"
666 the number of the Boras..
Posted by: 661dodgerblue | December 23, 2008 at 02:39 PM
Didn't the Braves reach an agreement with Furcal also? Where did he end up? This still seems a little suspicious.....
Posted by: turnthe2 | December 23, 2008 at 02:39 PM
Why the hell did they trade for Swisher if they knew they were going to sign Teixeira?
Posted by: cubssunsfan | December 23, 2008 at 02:39 PM
Like I said this morning. These talks have been going on for about 8 hours straight. Funny, because the amount of years is not what I heard.
Anyway, here come the haters. Funny, how everyone now all of the sudden screams "SALARY CAP" hmmm...
Why can't Boston fans acept that he just did not want to play for the Sox. It is not a big deal. But please embrace it. The Yankee's did nothing wrong and they gave every other team MORE than enough time and plently of opportunities to sign this guy. Hate the Yankee's if you want, but they have been more than professional this off season.
Posted by: yankee77 | December 23, 2008 at 02:39 PM
Pettitte will take the $10 million sometime within the next 6 seconds.
Posted by: Sonya Henny's tutu | December 23, 2008 at 02:39 PM
Yankees offseason / three free agent signings / $413.5 million spent - What a joke.
Posted by: midtown | December 23, 2008 at 02:39 PM
Bub Selig get an salary cap and get a salary floor. the yanks are disgracing baseball, american pasttime.
Posted by: marlinsman1120 | December 23, 2008 at 02:39 PM
I also sort of feel this is wrong when the Yankees are asking for the NYC tax payers to build their stadium for them. If they have the cash to throw around $300-$500 million this offeseason, then spend your own 1.2 billion on your own stadium. It's just an insult to every working American who has a job that actually helps keep this country running. Sad thing is it isn't even the Yankees' fault, they are just playing the system we have and feeding on the average American's ignorance. It isn't just the Yankees, Citi Bank with the naming rights for the Mets stadium and asking for a bailout, PSL's in the NFL...it's just sad. The only people that are hurt by this are the fans and the tax payers in the cities that host these teams. Congress should do away with the anti-trust exemption they have given baseball and allow other leagues to cut into their revenue stream. It would take a long time but perhaps Mark Cuban allong with some others could put together a league since MLB seems to be fighting to keep him out.
Posted by: jfish26101 | December 23, 2008 at 02:40 PM
I'd just like to Say one thingBoston?BWAHAHAHAH HA HAHA HHAHAHAHAHAHAHAHAHAHHAHHAHAHAHAHand to every...whiney lame mouth piece Red Sox fan on here...who..in as many words "it's a slam dunk" "it's a shoe-in" "its a given,. Welcome to Boston"?HAHAHAHAHAH
Posted by: OCSportsGeek | December 23, 2008 at 02:40 PM
I'm bitter as hell. Mark Teixeira and Scott Boras can rot in hell. Did any of us REALLY expect anything different though?
Posted by: Gosser128 | December 23, 2008 at 02:40 PM
Damnit all!
Did they at least finally reach last years payroll yet? Not that it matters, at the least, they will get another SP.
Posted by: RaysFan | December 23, 2008 at 02:40 PM