Mark Teixeira Signing Recap

>Yankees signed Mark Teixeira on Tuesday December 23, 2008
>The contract value was for 8 Years $180 million
>He received a $5 million signing bonus
>The contract has a No opt-out clause and a No-Trade Clause
>The contract averages $22.5 million per year

>His other suitors included
Red Sox
Angels
Nationals
Orioles

>Boston supposedly offered 8 years $168 million

>The Yankees spending spree this winter was helped by the fact that they shed $88.5 million from their books on free agents who's contracts expired.
Jason Giambi $23.4 million
Bobby Abreu $16 million
Mike Mussina $11 million
Carl Pavano $11 million

>The Spending Spree Included
Mark Teixeira $180 million ($22.5 million over 8 years)
CC Sabathia $161 million ($23 million over seven years)
A.J. Burnett $82.5 million ($18.5 million over five years)

"At the rate the Yankees are going, I'm not sure anyone can compete with them,"
Milwaukee Brewers owner Mark Attanasio

Yankees now have the four highest-paid players in Major League Baseball
Alex Rodriguez ($27.5 million over 10 years, $275 million)
CC Sabathia ($23 million over seven years, $161 million)
Mark Teixeira ($22.5 million over 8 years, $180 million)
Derek Jeter ($18.9 million over 10 years, $189 million)

MLB Commissioner Bud Selig earned $18.35 million last year, so technically he would be number 5!

>The Yankees paid a $26.9 million luxury tax bill for 2008.
>Their 2008 payroll was $222.5 million, which will end up being less this year.

The bottom line is that Teixeira is as consistant as they come.
I look forward to 30 Home Runs 100 RBIs and Gold Gloves for the next 8 years.