The House That Tex Built? Prized 1B Mark Teixeira Lands With Yankees

Oliver VanDervoortCorrespondent IDecember 23, 2008

Rarely is there the kind of switcheroo in Major League Baseball that occurred today.  After weeks of speculation as to where slugging first baseman Mark Teixeira would land, with little to no mention of either New York team, the New York Times is reporting that "Big Tex" will help open the Yankees' new stadium next season.

After a week where the Baltimore Orioles, Boston Red Sox, Washington Nationals, and Los Angeles Angels were supposedly hot after Teixeira, suddenly it appeared as though the derby would come to an end with the star heading to Beantown.  Even ESPN had decided the race had come down to Boston or Washington, with New York simply observing the festivities.

Teixeira is rumored to have signed an eight-year contract worth $170 million

The Yankees have spent more than $400 million in salary in the last month, with $171 million going to left-handed pitcher CC Sabathia and $82.5 million on right-hander A.J. Burnett

The contract with Teixeira gives the Yankees the four highest-paid players in baseball—third baseman Alex Rodriguez, shortstop Derek Jeter, Sabathia, and Teixeira.

This season New York had to pay a $29.6 million luxury tax number that figures to be even higher at the conclusion of the 2009 season.