NEW YORK - The New York Yankees reeled in another prime free agent, reaching a preliminary agreement Tuesday with first baseman Mark Teixeira for $180 million over eight years. The Associated Press, Sports Illustrated and ESPN reported the tentative deal on Tuesday afternoon.
Teixeira's deal raises the Yankees' offseason spending spree to $423.5 million. Just last Thursday, the Yankees completed agreements with two pitchers, giving CC Sabathia a $161 million, seven-year contract and A.J. Burnett an $82.5 million, five-year deal.
The Yankees, preparing to move into their 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.