'Tex' rejected $140 million offer
Teixeira confirmed that he turned down the Rangers' eight-year offer worth approximately $140 million, a proposal the team made two weeks ago.
Rangers owner Tom Hicks revealed the offer to The Dallas Morning News after Texas traded Teixeira and Mahay for five prospects including Saltalamacchia, shortstop Elvis Andrus and three pitchers.
The offer included a mutually agreed-upon salary of approximately $14 million in 2008, Teixeira's final year of arbitration eligibility, followed by seven seasons at an average of $18 million.
The former Georgia Tech star is represented by powerful agent Scott Boras. Teixeira can become a free agent after the 2008 season, and said Wednesday he doesn't want to discuss his contract status because it would be a distraction for him and the Braves.
"I want to finish out the season, have a great year and see what happens in the offseason," he said.
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