Based on what Yankees officials have been saying, I believe the Sabathia signing essentially takes them out of the bidding for Teixeira. You can never say never, because they're the Yankees and they could get motivated if Teixeira looks like he's going to Boston, but they have always looked at Teixeira as more of a fallback in case they struck out on Sabathia.From Mike DiGiovanna:
The Boston Red Sox have emerged as front-runners, and the Washington Nationals, who appear willing to offer eight years and $160 million, could make the most lucrative bid.With the CC agreeing to sign with the Yanks I think that may officially take them out of the Teixeira sweepstakes, which does bother me. He would be a perfect fit for this team.
The Baltimore Orioles are in hot pursuit, the Yankees are lurking, and the Angels are growing more concerned that Teixeira might be slipping away, primarily because they'd like to sign him for six or seven years, not the eight or nine it might take.
The fact that the Red Sox may land him bothers me even more.