The Mark Teixeira story obviously struck a nerve in all of us, but let's make something clear here: The Red Sox had a chance. Any suggestion that the Sox could not (and can not) compete for free agents with New York is utter nonsense because the Sox have signed high-profile free agents in the past.
For a moment, let's look at the cases of Daisuke Matsuzaka and J.D. Drew, the former of whom, admittedly, was not a true free agent. Still, when the Sox bid for Matsuzaka's rights, they blew away the field with a bid of $51.11 million that was 30-40 percent higher than any other offer. Why is this relevant? Because the Sox did the same for Drew, flattening him with a $70 million offer that left him with little choice but to sign.
With Teixeira, the Sox were not nearly as aggressive. The bottom line is that other teams (excluding the Yankees) were in the same neighborhood, which allowed Teixeira to drag out the process. Had the Sox come out of the gate with, say, an eight-year offer for $184 million, maybe they could have gotten the deal done. Maybe it would have taken $192 million. But if the Sox came out strong -- very strong -- and gave Teixeira a short window to accept, their chances might have been better.
If Teixeira then had balked, the Sox would have had their answer: Teixeira never wanted to come here.
Instead, the Sox left the door open for the Yankees to swoop in, which created an array of issues. Most notably, by the time Teixeira made his decision, CC Sabathia and A.J. Burnett both had signed with New York, making the Yankees a more attractive destination; earlier on, that was not the case. By allowing the process to drag, the Sox enhanced New York's position.
When you want a free agent, you knock him over. You give more than anyone else to eliminate all doubt. If he doesn't accept, he doesn't want to play for you.
Indeed, there is always the possibility agent Scott Boras used the Sox here. To give you an idea of what Team Boras can be like to deal with, a source on Boras' side of the negotiations recently suggested that the Red Sox had a chance to close the deal with an offer of $176 million, a mere $6 million more (over eight years, meaning $750,000 per season) over the Sox' final offer of $170 million. What Boras' side failed to disclose was that the same offer included vesting options that would have taken the deal to $220 million over 10 years, something that scared off Sox owner John Henry, in particular. (Pretty sneaky, eh?)
As for the Sox, it will be interesting to hear how this story evolves over time. Certainly, the Red Sox had the money to make this work. (Unless, of course, Henry or ownership has financial difficulties of which we are not aware.) There is certainly reason to wonder whether general manager Theo Epstein had difficulty convincing ownership to increase the offer to Teixeira, which went from $168 million to $170 million at the very end.
To suggest that the Red Sox never had a chance here is terribly simplistic and nothing more than an attempt by fans (and the Sox) to rationalize their failure in acquiring Teixeira. Nothing is ever that cut and dried -- at least not when people are involved.
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