How the negotiations went down

Good stuff from Kat O'Brien -

The Yankees made a substantially lower offer to Teixeira before the winter meetings, an offer that quickly was pulled once Boras informed the Yankees how much he was seeking. The Red Sox, Nationals, Angels and Orioles bid on Teixeira in the next few weeks, with the Yankees not making another contract offer until late Monday.

Even Tuesday, hours before Teixeira agreed to terms, the Yankees were pessimistic about getting the 28-year-old slugger, the source said. Boras told the Yankees they needed a 10-year deal, with the last two years as player options. That got an absolute no from the Yankees, who had offered eight years and $180 million ($22.5 million per year).

Around midday Tuesday, Boras said Teixeira would agree to an eight-year contract, but only if the average annual value was $24 million per year, making the total contract value $192 million. The Yankees conferred, then told Boras no, that they had made a fair yet firm offer and would stand pat, the source said. Boras responded by saying that Teixeira likely would be a Red Sox.

The Yankees refused to budge from their offer, and 20 minutes later, Boras called back and said Teixeira would take their eight-year, $180-million offer.

- The Times might sell its share of the Red Sox. They always (as in the last few years) seem to have a slight Boston slant.