Dec 24 2008
The Yankees Are Big Spenders
Yankees Sign Mark Teixeira to 8 year $180 Million Dollar Contract
ESPN – The New York Yankees swooped in Tuesday and hooked prized free agent Mark Teixeira, reaching agreement with the first baseman on an eight-year contract worth $180 million, three sources involved in the negotiations said.
The agreement, which is subject to a physical, includes a signing bonus of about $5 million paid out over the first three years of the contract, no opt-out clause and a complete no-trade provision, the sources said.
The Yankees are doing big things this offseason. I bet you they spend all this money in the offseason and then they don’t even make the playoffs next season.
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