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First Base: Yankees sign Mark Teixeira

by Matthew Cerrone on December 23rd, 2008 at 3:19 pm

Update, 4:15 pm:

The eight-year, $180 million deal agreed to between the Yankees and Mark Teixeira has a full no-trade clause and $5 million signing bonus, reports Bill Madden in the Daily News, who adds:

“Until Tuesday, the Yankees were mostly interested observers… But when the Angels pulled out of the bidding on Sunday night, and the Red Sox failed to reach an agreement… the Yankees suddenly became more interested… It was then learned that Teixeira had favored the Yankees all along and according to sources he conveyed that to them this week.”

so, wait, after the Angels pulled out and the Red Sox disappeared, and all that was left was the Nationals, it was then, after that, when the Yankees suddenly learned of his interest…hmm, sure, that sounds about right

Update, 3:25 pm:

Buster Olney of ESPN.com reports the Yankees and free-agent 1B Mark Teixeira have reached agreement on an eight-year, $180 million deal.

…great…now let’s move on, Scott Boras…it’s time to talk about Derek Lowe and Manny Ramirez i believe

…now, the question is: will this motivate the Red Sox to spend additional money on lowe, who the Mets prefer to sign

Update, 3:20 pm:

The Yankees are on the verge of signing Teixeira to an eight-year deal, according to Jon Heyman of SI.com.

Original Post:

The Washington Times reports there will be an announcement today about where Mark Teixeira will sign his next contract.

Peter Gammons and Buster Olney of ESPN.com believe a deal is ‘seemingly imminent.’

Meanwhile, the Nationals have upped their offer to Teixeira to nine years, $180 million, reports the Boston Globe, while the Red Sox remain at eight years, and roughly $170 million.

However, while MLB.com believes Teixiera will decide today between the Nationals and Red Sox, Jon Heyman of SI.com believes the Yankees are in deep discussions with Teixeira.