Silverman didn't mention how much the deal was for, but earlier in the day Silverman said that the offer expected to be an "eight-year contract worth somewhere between $145 and $175 million, possibly more." He also said that "the Sox understand that in order to move forward with Teixeira in the fold, they will have to break new financial ground."
Should the Red Sox eventually come out on top in the aggressive quest for the services of the gifted free agent first baseman, it will cost them an extraordinary, even historic, amount of money.
The Sox have made an offer, the biggest and longest yet for this current ownership group. The offer is believed to be for at least eight years, with ownership and baseball operations cognizant that Teixeira, 29, represents the safest bet they can make for at least this year and next to shore up the heart of an aging lineup.