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Source: Teixeira deal would take $195M

Updated: December 20, 2008, 2:57 PM ET
By and Buster Olney | ESPN.com

Red Sox executives flew to Texas on Thursday believing they were close enough in negotiations to complete a deal with Mark Teixeira. But after they arrived, they were informed that their offer to Teixeira -- something in the range of $165 million to $170 million -- was short by upwards of $25 million.

With that, the Red Sox stepped away from the negotiating table.

Executives involved in the Teixeira negotiations, however, noted that Red Sox owner John Henry, based ...

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