ESPN (Olney and Gammons)
Source: Teixeira deal would take $184M
One executive familiar with the meeting said the Red Sox were told that in order to finish a deal for Teixeira, they would have to offer about $23 million a year over eight years -- or a deal for about $184 million. The Red Sox walked out, and Henry issued this statement to the AP: "We met with Mr. Teixeira and were very much impressed with him. After hearing about his other offers, however, it seems clear that we are not going to be a factor."
It's unclear exactly what offers Teixeira has in hand. But as of 10 a.m. Friday morning, the New York Yankees had not made an offer, and the Baltimore Orioles had not increased the single offer that they had made, and there remained an expectation in place that unless Teixeira is willing to give Baltimore a major hometown discount, he will be playing someplace else in 2009.
