Mark Teixeira Signs With Yankees

Billy DeCostaCorrespondent IDecember 23, 2008

When Alex Rodriguez was traded to the New York Yankees, he said, "I felt like I had one foot in a Red Sox uniform." Mark Teixeira must feel the same way.

ESPN's Buster Olney is reporting that free agent first baseman Mark Teixeira, the most coveted position player this offseason, has agreed to an eight-year deal worth $180 million dollars with the Yankees.

Red Sox GM Theo Epstein had been in hot pursuit of the talented 28-yea- old since season's end. The Red Sox, Angels, Orioles, and Nationals had all put offers in front of Teixeira, while up until recently the Yankees had not, nor had they shown great interest in the free agent.

When the Red Sox went to Texas to meet with Teixeira, his agent Scott Boras told them that their offer, an eight-year, $170 million dollar one, wasn't good enough. He told them he had better deals lined up.

Sox CEO John Henry said that was as high as they would go. He said if that's the way Boras wanted to play, the Red Sox weren't going to be a part of it.

The Red Sox called his bluff. Looks like he wasn't lying.

Signing Teixeira has raised the amount of Yankee offseason spending to around $400 million when you factor in the signings of CC Sabathia and A.J. Burnett.

So much for trying to cut payroll. The Yankees just got a $22.4 million dollar luxury tax bill from Major League Baseball. They can expect an even bigger one next season.

Believe it or not, the Yankees can afford another $180 million. A combination of slashing contracts and their new stadium have kept New York unaffected by current economic conditions.

It would be safe to say that Teixeira is the safest of New York's recent pick-ups. He's a solid 30-100 guy who gets on base and plays stellar defense. He's only 28 years old.

CC Sabathia is an innings eater, but he has a lot of mileage on him. He is a bona fide ace, but there are question marks about how long a guy with a body like his can keep his stats up.

A.J. Burnett has been consistently mediocre his entire career, despite his great stuff. The Yankees paying him $85 million is a very risky move, their most bang or bust signing so far this winter.

As much as it pains me as a Red Sox fan, the Yankees have gotten the best of Theo Epstein this offseason.