The Yankees have landed Mark Teixiera, according to ESPN:

The New York Yankees swooped in Tuesday and hooked prized free agent Mark Teixeira, reaching agreement with the first baseman on an eight-year contract worth $180 million, three sources involved in the negotiations said.

The agreement, which is subject to a physical, includes a signing bonus of about $5 million paid out over the first three years of the contract, no opt-out clause and a complete no-trade provision, the sources said.

It’s nice that the Yankees have some shiny new players to go in their new stadium, and it would almost be nice to see the effort to buy a winning team work. Can’t help but notice that it hasn’t worked for quite a while, though.