Teixeira To Undergo Season-Ending Surgery

4:13pm Jon Heyman of CBS Sports tweets that the Yankees have insurance on Teixeira's contract which, when coupled with the initial WBC salary relief, should cover about 80 percent of Teixeira's $22.5MM salary.

3:06pm: At a press conference, Teixeira confirmed to reporters, including Andy McCullough of the Star Ledger, that he's done for the season (Twitter link). Bryan Hoch of MLB.com tweets that the surgery will require 4-5 months of rest and rehab. Teixeira is hoping to be 100 percent in six months.

2:54pm: The Yankees announced today that doctors have recommended surgery for the torn sheath tendon in Mark Teixeira's right wrist. Such a procedure would almost certainly mean that his season is over.

Teixeira, 33, initially injured his wrist while preparing for the World Baseball Classic and missed nearly two months before being activated from the DL on May 31. He received just 66 plate appearances this season and hit .151/.270/.340 with three homers.

Joel Sherman of the New York Post recently pointed out that the Yankees' decision to activate Teixeira could cost the team more than $15MM, as the WBC would've been on the hook for the injury. The Yankees are sorely lacking right-handed pop, and Teixeira's injury should impact the team's strategy as the trade deadline draws near.

Lyle Overbay, signed by the Yankees at the end of Spring Training, has filled in admirably at first base. However, he's hitting just .197/.229/.333 against left-handed pitching.