Skip navigation
Site powered by
Latest news:
msnbc.com: Top msnbc.com headlines: Russians rally for Putin — and 2 days off work

Sox owner says economy to limit Teixeira chase

Team unlikely to go longer than 8-year offer for any free agent

BOSTON - As the Boston Red Sox pursue Mark Teixeira, their owner said Wednesday the amount they’re willing to spend on free agents depends on the nation’s economic problems and the player involved.

With as many as five teams showing interest in the first baseman, there is serious doubt the Red Sox would go longer than the eight-year contract the Los Angeles Angels, Teixeira’s former team, have offered.

“We all have limits,” Red Sox owner John Henry said in an e-mail to The Associated Press. “Eight years is a very long time in baseball and everywhere else.”

He also said the amount the team is willing to spend on a free agent “depends on both” the economy and the player being sought.

“Baseball as a whole has not yet been hit by the financial crisis, but it will,” Henry said. “The degree is in question and won’t be answered for a while.”

A decision by Teixeira on where he will end up did not appear imminent.

“No immediate timetable,” his agent, Scott Boras, said in an e-mail Wednesday. “Negotiations are on going.”

The Angels, who obtained Teixeira from the Atlanta Braves two days before the July 31 trade deadline, have said they made an eight-year offer. Boston, Baltimore, Washington and the New York Yankees all have expressed interest with some reportedly offering contracts for that length.

Teixeira would give the Red Sox the big bat in the middle of the lineup that they need after trading Manny Ramirez to the Los Angeles Dodgers at the deadline and watching David Ortiz’s production drop as he battled a wrist injury last season.

Ortiz hit .264 with 23 homers in 109 games and went 8-for-43 with one homer in the postseason.

If they sign Teixeira, the Red Sox likely would move first baseman Kevin Youkilis to third, where Mike Lowell has two years and $24 million left on his contract. Lowell is recovering from hip surgery and is expected to be ready to play before opening day.

Teixeira, an outstanding fielder, hit .308 with 33 homers and 121 RBIs last season. In 54 games with the Angels, he batted .358 with 13 homers and 43 RBIs.

© 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

advertisement
More news
Florida Marlins v Washington Nationals
NBC Sports
Nationals on the rise

  With Stephen Strasburg anchoring a strong rotation and super-prospect Bryce Harper on the way, the Washington Nationals are drawing a lot of attention.

Image: Bryce Harper
AP
Bryce Harper: 'I want to make an impact'

CSN: Nationals phenom says he's OK if the team wants to start him in the minors this season, but he's planning to make their decision as difficult as possible.

Interactive
Image: Albert Pujols
Team-by-team spring preview
Breaking down rosters, prospects of every team.
Interactive
Rangers Spring Baseball
Maps to spring training sites
Your guide to sites in Arizona, Florida
Slideshow
Houston Astros
  Unbreakable records in baseball
A look at the most unbreakable records in baseball including Nolan Ryan's seven no-hitters.
Slideshow
Image: Elizabeth Williams
  The Week in Sports Pictures
A crowd on the basketball court, a spill on the slopes, and much more.

more photos