As first reported by Jon Heyman and confirmed by Buster Olney, the Yankees are finalizing a deal with first baseman Mark Teixeira on an eight year deal worth $180 million. The deal reportedly includes a full no-trade clause. There is no word on a possible opt-out.
This comes in on the heels of a confusing morning in which many sources thought Teixeira would sign with Boston today. Some questionable sources even said that the two parties had an agreement in principle. That doesn’t appear to have been true, though.