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New York, NY (Sports Network) - The New York Yankees have reportedly agreed to a deal with free agent first baseman Mark Teixeira.

According to the New York Times, which quoted a source close to the negotiations, Teixeira has agreed to an eight-year, $180 million contract that includes a signing bonus and no-trade clause.

The 28-year-old switch-hitter batted a combined .308 with 33 home runs and 121 RBI in 157 games with the Braves and Angels in 2008.

Coming on the heels of the twin signings of free agent hurlers CC Sabathia and A.J. Burnett to hefty contracts last week, the deal for Teixeira continues the Yankees’ apparent commitment to making a big splash in the American League as well as their new stadium in 2009.

The total for the three players is now $423.5 million. Sabathia signed for $161 million over seven years, while Burnett’s package is for five seasons and $82.5 million. Read more..

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Jason Giambi was one of four Yankees players to file for free agency on Wednesday, joining Mike Mussina, Carl Pavano and Damaso Marte.

Mussina is still deciding whether he wants to retire or play, while Pavano is still hoping for a return to New York or a fresh start elsewhere in the alternative. Marte is waiting to hear whether the Yankees plan to pick up his $6 million option.

But what about Giambi? The Yankees need to fill their first-base spot, and while Mark Teixeira would be a good fit there, it’s no sure thing that the free agent will want to come to the Yankees.

I spoke with Arn Tellem, who represents Giambi, during the GM meetings on Wednesday, and he doesn’t believe that the fact that the Yankees declined Big G’s $22 million option automatically spells the end of Giambi’s time in New York.

“It’s early,” Tellem said. “Obviously Jason would welcome the opportunity to go back if there’s interest there, so we’ll just have to see how it plays out and what the Yankees do.” Read more..

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