Source: Teixeira, Yanks agree to 8-year deal

Free agent first baseman Mark Teixeira has reached agreement with the New York 
Yankees on an eight-year contract worth more than $170 million, a source 
involved in the negotiations tells ESPN The Magazine's Buster Olney.



The Yankees swooped in on Teixeira on Tuesday when it was believed the Boston 
Red Sox or the Washington Nationals were the likeliest of his future employer. 
The Red Sox's offer was believed to be in the range of $170 million, and the 
Nationals reached out with an offer perhaps greater than that of Boston.
Teixeira finished last season with the Los Angeles Angels following a trade 
from Atlanta. The Angels withdrew from negotiations on Sunday night, in a very 
public manner, and say they were moving on to other players.
Teixeira had made it clear that he wanted to make a decision on where to play 
next season and beyond by Christmas.
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