Mark Teixeira and New York Yankees Reach Deal

Mark Teixeira and the New York Yankees have reached an agreement on an eight-year deal that would pay the first baseman $180 million, giving the Bronx Bombers a third prized free-agent in a busy offseason.

Teixeira had been courted by the Los Angeles Angels, Boston Red Sox, Baltimore Orioles and Washington Nationals but all four clubs reportedly dropped out of the running after hearing what kind of numbers he was seeking.

Tuesday’s announcement of a preliminary deal adds another piece to the Yankees offseason of excess as they had already signed CC Sabathia and A.J. Burnett to deals that totaled more than $243 million. Sabathia inked a seven-year deal worth $161 million while Burnett signed  a five-year deal worth $82.5 million.

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