According to Sports Illustrated's and WFAN's Jon Heyman, the Yankees have signed Tiexiera to a eight year $180 million contract, the richest contract for a first baseman in history.
Teixeria hit .308 with 33 homeruns and and 121 RBI and 102 runs scored last year, splitting time with the Atlanta Braves and Angels.
He is a lifetime .290 hitter, with a gold glove to add to his trophy case. He is only 28 years old and will be a Yankee until the age of 36. The Yankees are now the team to beat in MLB.