Mark Teixeira’s contract another expensive miscue for Yankees

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When it was signed following the 2008 season, Mark Teixeira’s eight-year, $180 million deal with the Yankees was the third biggest in MLB history and largest to go to someone not named Alex Rodriguez. Now it rivals Rodriguez’s as one of the worst in baseball.

With the news Wednesday that Teixeira would undergo wrist surgery, the 33-year-old first baseman ends his fifth season with the Yankees having played in just 15 games and hitting .151. The Yankees are still on the hook for another three years and $67.5 million after paying him $22.5 million this season.

If it were just the wrist injury, there’d be better reason for hope that Teixeira could come back and be a quality regular, if not an All-Star, next year. But he already seemed to be in obvious decline before 2013. Here are his OPSs and OPS+s since 2007.

2007: .963 – 149 – Rangers/Braves
2008: .962 – 152 – Braves/Angels
2009: .948 – 141 – Yankees
2010: .846 – 124 – Yankees
2011: .835 – 121 – Yankees
2012: .807 – 116 – Yankees

The Yankees would surely take it if Teixeira could come back and be a 120 OPS+ first baseman in the last three years of his deal. He wouldn’t be worth nearly $22.5 million per year in that scenario, but that’d still make him an above average regular at first base.

It’s probably overly optimistic, though. While Jose Bautista has come back and produced since returning from a similar tendon sheath surgery, he hasn’t been nearly what he was in the two years before he got hurt. He was also a couple of years younger than Teixeira will be. Mark DeRosa’s wrist problems ended his career as a regular. Nomar Garciaparra came back and had his moments, but he was never the same quality of player after Al Reyes hit him in the wrist.

So, the Yankees should be very worried. That they’ll be overpaying Teixeira and Rodriguez going forward is a given. Maybe CC Sabathia, too. But as long as those guys are reasonably productive, then the Yankees should continue to contend. If those players become liabilities on the field as well as in the budget, that’s the recipe for disaster.

Report: Astros, Ryan Pressly close to agreement on two-year, $17.5 million extension

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Chandler Rome of the Houston Chronicle reports that the Astros and reliever Ryan Pressly are close to finalizing a two-year, $17.5 million contract extension, which will also include a third-year vesting club option. Rome notes that the extension is believed to be the largest, in terms of both total money and average annual value, for a reliever who is not a closer.

Pressly, 30, agreed to a $2.9 million salary for the 2019 season back in January, avoiding arbitration in his final year of eligibility. The Astros acquired Pressly from the Twins near the end of July in exchange for a pair of minor leaguers. Pressly posted a 3.40 ERA in 47 2/3 innings with the Twins and a 0.77 ERA in 23 1/3 innings with the Astros. In the playoffs, Pressly allowed just one run on one hit and three walks with seven strikeouts across five innings of work.

Along with Héctor Rondón, Pressly will once again help bridge the gap to closer Roberto Osuna.