The Spending Continues: Yankees Sign Teixeira

by Ben Cook on December 23, 2008

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).

Teixeira, who hit .308 with 33 home runs and 121 RBIs last year, should passify Yankee fans who had been clamoring for the team to replace the offensive output of departing free agents Bobby Abreu and Jason Giambi. Defensively, “Tex” will take over first base, moving the recently acquired Nick Swisher back into a crowded outfield. Along with Swisher the Yankees also have Hideki Matsui, Johnny Damon, and Xavier Nady competing for the two corner positions in the outfield and possibly the DH if Jorge Posada can bounce back and be an every day catcher.

Asside from the Washington Nationals and Red Sox who had been previously expected to land Teixeira, the Brewers and the Blue Jays also have their compensitory draft picks pushed back a round with the Los Angeles Angels now getting New York’s first pick as well as a pick in the supplementary round between the first and second round of drafting. The pick will likely be little consolation to Angels fans who are once again faced with a lineup lacking power and without protection for Valdamir Guererro.

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