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No. 5 overall pick agrees to $9.5 million deal

Updated: November 21, 2003, 5:41 PM ET
Associated Press

ARLINGTON, Texas -- First-round pick Mark Teixeira agreed to a $9.5 million, four-year deal with the Texas Rangers on Wednesday, ending the threat that the third baseman would return to Georgia Tech.

Teixeira, the fifth pick in June's draft, was given a major league contract with a $4.5 million signing bonus, payable over three years.

The deal was hammered out between Rangers officials and Teixeira's agent, Scott Boras, the same person who brokered the $252 million, 10-year ...

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