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Yankees Nab Tex; Try to Buy a World Series Ring

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Mark Teixeira during his brief stint with the Angels. AP File Photo/Chris Carlson

The Evil Four-Letter's Buster Olney is reporting that Mark Teixeira has agreed to an eight-year $180 million contract with the New York Yankees. While the Angels, Red Sox, Nationals and Orioles were all in the hunt for Teixeira over the past couple of months, the Yankees hid on the sidelines ready to swoop in if the deal was right.

This caps a free agency period where the Yankees signed left-handed starting pitcher CC Sabathia to a seven-year $161 million contract and right-handed starter AJ Burnett to a five-year $82.5 million contract. Surprisingly enough even with the additions of Teixeira, Sabathia and Burnett, the Yankees' payroll now as-is is still below their payroll for 2008.

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It's very clear that the biggest losers of this deal is Manny Ramirez and the Yankees.

First off, this pretty much eliminates the Yankees from bidding for Manny. With the Angels not interested in Manny, this basically reduces Manny's suitors to the Dodgers and Nationals. Having said that, I won't be surprised if the Yankees make an offer to him just for shits and giggles.

But also the Yankees are a loser because they don't learn their lessons. As often as they have attempted to spend their way to the World Series, they haven't gotten there since 2003 and haven't won it since 2000. And if you remember the Yankees teams that won the World Series were built through their farm system. Look at Mariano Rivera, Andy Pettite, Jorge Posada and Derek Jeter if you want any confirmation.

The Steinbrenners insist on using the antiquated model of building a championship team when it's been more than evident in recent years that winning is built on a strong farm system like the Tampa Bay Rays. Ask the Detroit Tigers if trying to buy a World Series ring worked for them last season.

Having said that, the Yankees just might make it to the postseason. But I still have reservations that the Yankees will be able to win their first postseason series since 2004.