The New York Yankees have reportedly reached an agreement with free agent first baseman Mark Teixeira on an eight year deal worth $180 million.

The Yankees’ bitter rivals, the Boston Red Sox had been favored to land the slugger but the Bronx Bombers once again won the war of the pocketbooks. Teixeira’s deal takes the Yankees’ off season tab up to $423.5 million to three players over an 8 year period, and also gives the team famous for it’s spending, the 4 highest paid players in the game (Teixeira, Sabathia, Jeter, and Rodriguez).

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The Free Agent pool of players got a bit bigger at midnight on Friday when players who were not tendered contract offers from their teams became free agents. I’ve broken the list down by position and as you can see, there are a few surprises here including former Dodgers closer Takashi Saito (2.49 ERA and 18 saves) and Nationals starter Tim Redding (10 wins).

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Teams have until midnight eastern time tonight to extend offers of arbitration to their free agents and I’ll be updating this page as often as news becomes available about teams’ arbitration actions.

Update

The offers are all in, and according to the AP only 24 players were offered arbitration. The list is as follows:

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The Arizona Diamondbacks have been desperately seeking bullpen help and it appears the Washington Nationals have decided to provide some. The Diamondbacks have agreed to 23 year old send second baseman Emilio Bonifacio to the Nationals in exchange for right handed reliever Jon Rauch.
The 29 year old reliever has been closing for the Nationals and [...]

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The list of teams interested in non-tendered Mark Prior is getting longer by the day. We already knew the list included the likes of the Reds, Astros, Padres, Nationals, and Rangers but today the Star Ledger is reporting that both New York teams are interested as well. Prior is still coming back from injury but [...]

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ESPN.com is reporting that the Washington Nationals have signed free agent catcher Paul Lo Duca to a one year deal. The deal will keep the veteran catcher in the NL East where he spent the last two seasons with the New York Mets. Financial details of the deal have not been disclosed (read as I [...]

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ESPN.com’s Keith Law is reporting that the Tampa Bay Rays have sent Elijah Dukes to the Washington Nationals for a player to be named. I realize Dukes has been a huge distraction and apparently has some serious problems with controlling his temper but the Nats could be getting a HUGE bargain here. Dukes hit only [...]

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