socialmedian: What Recession? Yankees Spend $423M

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Submitted by Jasongoldberg

Dec 24, 2008

Summary

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.

A person familiar with the negotiations disclosed the agreement, which is subject to a physical. The person spoke on condition of anonymity because the deal was not yet final.

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.

Teixeira's agreement came just one day after the Read the full article

Comments (1)

Kitwindley,

Dec 24, 2008

They say that the only thing that remains of once dominant civilisations is thier stadia ;-)