What recession: Yankees are spending away! The Bronx Bombers have offered Mark Teixeira an 8-year deal worth $180 million. The Daily News says, "Out of nowhere, the Yankees have swooped in and have reached a preliminary deal" with the first baseman. The Post adds, it's "a way to keep him away from the Red Sox and to improve their team in 2009"—the Yanks "stepped in late in the negotiating process... Teixeira instantly becomes the Yankees' No. 3 hitter, behind Derek Jeter and in front of Alex Rodriguez. It addresses both offensive and defensive issues that were pressing for the Yankees in the upcoming season." The deal includes a $5 million signing bonus and a no-trade clause, which is unusual because the Yankees "have had a steadfast policy against giving no-trade clauses," per the News.
Yankees Sign Mark Teixeira in $180 Million, 8-Year Deal
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"It puts more of a burden on New York — puts more of a burden on 49 other states."
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