Yankees Sign Teixeira To 180 Million Dollar Contract

By: Associated Press
By: Associated Press

Tuesday Dec. 23, 2008
NEW YORK (AP) -- The Yankees have reeled in another prime free agent. New York has reached a preliminary agreement with first baseman Mark Teixeira on an eight-year deal for $180 million.

A person familiar with the negotiations disclosed the agreement, which is subject to a physical. The person spoke on condition of anonymity because the deal is not yet final.

The 28-year-old slugger is the third high-profile free agent the Yankees have added to their roster this month, joining pitchers CC Sabathia and A.J. Burnett in pinstripes. Sabathia got a $161 million, seven-year contract and Burnett will earn $82.5 million over five years.

Teixeira's deal raises the Yankees' offseason spending spree to $423.5 million.

The Yankees, who are preparing to move into a pricey new ballpark, will hold the four largest contracts in the sport. Third baseman Alex Rodriguez has baseball's highest deal at $275 million over 10 years, and shortstop Derek Jeter is second at $189 million over 10 years.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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