AP Source: Teixeira agrees to $180M Yankees deal

NEW YORK (AP) - The Yankees have reeled in another prime free
agent. New York has reached a preliminary agreement with first
baseman Mark Teixeira on an eight-year deal for $180 million.

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 is not yet final.

The 28-year-old slugger is the third high-profile free agent the
Yankees have added to their roster this month, joining pitchers CC
Sabathia and A.J. Burnett in pinstripes. Sabathia got a $161 million, seven-year contract and Burnett will earn $82.5 million over five years.

Teixeira's deal raises the Yankees' offseason spending spree to
$423.5 million.

The Yankees, who are preparing to move into a 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.