Here's a blogger who suggests we should use the Teixeira money to sign SP Chuck James and a couple of relievers, and use the rest on Stephen Strasburg. Unfortunately, he thinks we shouldn't get O-Dog because he thinks we still have Bonifacio. 
I pretty much tune out whenever I read stuff like that.
I had an idea earlier. If we were to sign both Orlando Hudson and a big bat, I wonder if we could trade the A's a package of big leaguers for some quality prospects. I'm talking elite, ML-ready pitchers.
We could package up Milledge, Nick Johnson, and Guzman (if they don't sign Furcal) and trade them away for a really good return. It sounds crazy at first because Guzman and Milledge are two of our starters, but I really think we could make do without them. We could use this as a real open audition for Alberto Gonzalez and Anderson Hernandez. Neither of them are offensively that good, but most SS's are bad at the plate, anyway. If they're both as good as reputed, defensively, they could give us one of the best infields in baseball.
With the glut of outfielders we might end up having, if we sign Dunn and/or Bradley, Milledge is starting to become somewhat expendable.