Originally written February 02, 2013 on Bush League Chronicle:

Via Bush League Chronicle:

Baseball players have been on the receiving end of some gaudy contracts recently. In fact, salaries have shot up across the board dramatically in the last decade alone. One of the players who has benefited in a tremendous way financially is New York Yankees slugger Mark Teixeira.

Teixeira inked a massive eight-year, $180 million free agent deal with the Yankees in January 2009. He earned approximately $22.5 million in base salary last season and is due to earn the same amount in each of the next four seasons.

The 32-year-old hasn't exactly performed up to expectations since being rewarded to the big sum of cash, which has many fans complaining about his true value. The 10-year MLB veteran addressed those complaints in a recent interview with The Wall Street Journal:

"I have no problem with anybody in New York, any fan, saying you're overpaid. Because I am," Teixeira said. "We all are.

"Agents are probably going to hate me for saying it," he continued. "You're not very valuable when you're making $20 million. When you're Mike Trout, making the minimum, you are crazy valuable. My first six years, before I was a free agent, I was very valuable. But there's nothing you can do that can justify a $20 million contract."

Since arriving in New York, Teixeira has seen his average decline steadily. He posted a respectable .292 mark in 2009, but dropped to .256 in 2010, and .248 in 2011. His on-base percentage has fallen more than 50 points since the '09 campaign; a year in which he finished second in the American League MVP voting.

In 2012, the Maryland native set or tied career lows in homers (24), RBI (84), slugging (.475), runs scored (66) and OPS (.807). Given his age, Teixeira seems to realize that he may be entering the decline of his career.

"Maybe I'm slowing down a tick. Look, I'm not going to play forever. Eventually you start, I don't want to say declining, but it gets harder and harder to put up 30 [homers] and 100 [RBI]," Teixeira said.

Regardless of how he performs, the Pinstripes are still on the hook for $90 million for his services.

17 Comments:
  • Boo hoo. You took the money idiot.
  • and you wouldn't??????????
  • What is he crying about? I didn't hear him crying... in baseball. I heard him feeling embarrassed, stating the truth against his own financial interests. I didn't know he had it in him, but I think it speaks highly of him to say "I know I'm overpaid, I don't blame people for criticizing me." How is that begging for sympathy??
  • Love it. Thank you Teixeira for saying what no one else will. Yeah, I signed the deal. Yeah, I'm very aware I'm not (or anyone else) is worth it. I've yet to see a return on investment that justifies some of these larger deals. It's difficult to calculate with so many variables, but it just seems as if the players are very much on the winning side.
  • Finally, someone admits it, They are all overpaid.
  • Kudos to Tex for saying what we're all thinking. No-one, absolutely no-one, is worth the kind of money these players are getting. But is it their fault? Heck no, it's the fault of the owners of these teams that continue to give them the big bucks. The only thing I wish would happen - if you really don't think you're worth what they're paying you, why don't you offer to given some back so the Yanks can afford to buy more players.
  • Actually it's not the owners' fault, it's the Agents'. Do you think the Owners' want to pay Players $20Mil/Year? Heck NO!
  • A-Rod is over paid and totally worthless ....!
  • BRAVO,BRAVO,BRAVO......
  • You are over paid Mark and you can't hit in the playoffs either.
  • Yet he passed on a deal with his himetown Orioles to go for the cash and head to NY. Seems a bit hypocritical to me.

    He is correct in his statement that NO ONE is worth $20M to play a kids game. Especially when folks making less than $50K are forced to pay $80 for a bleacher seat and $10 for a Coke at Yankee Stadium.
  • So true, anpther overpaid lazy slouch!But atleast he admits it.
  • Most athletes are overpaid, but there isn't one person tagging on this site that wouldn't take the same money if you could get it. But at leaset give him credit for being man enough to say what he did. Most athletes wouldn't have the guts to say what Teixeira said.
MORE FROM YARDBARKER

Tom Brady defends not congratulating Garoppolo on TD

Ohio State student who ran on field loses full scholarship

Report: Carson Palmer's nerve injury 'still lingering'

Adam Dunn to retire after 14-year MLB career

Ryan Lochte: Phelps made dumb decision, will learn from it

Tiger Woods to open restaurant in Florida next year

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Royals beat A's in extras, win first playoff game since '85

Mark Davis: Raiders head coaching job will be 'enticing'

Fan on Craigslist offers Nats playoff tickets for threesome

Brady snubs rookie Garoppolo after touchdown pass

Cung Le suspended for failed HGH test

FCC Chairman: Washington nickname 'inappropriate today'

The best games on the NFL slate in Week 5

Aaron Rodgers says smoking gesture a tribute to Jay Cutler

What will the A’s look like in 2015?

Major League Baseball's 2014 All-Disappointment Team

Jeter introduces 'The Players Tribune,' 'The Voice of the Game'

Grading each NFL's team's play at quarter-season mark

MLB.com posts wrong story saying A's won game

WATCH: Brett Favre in new nose hair trimmer commercial

WATCH: Michigan students protest, call for AD to be fired

Marlins president: We're not trading Giancarlo Stanton

Heckling Knicks fan suing team over ejection

This weekend in NFL stupid

Yankees News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

What will the A’s look like in 2015?

All-Disappointment Team in MLB

Ryan Lochte: Phelps made dumb decision

WATCH: Brett Favre in new commercial

Brady snubs rookie after TD pass

FCC: Washington nickname 'inappropriate today'

Could Jon Gruden return to Oakland?

Marlins: We're not trading Stanton

Study: 76 of 79 deceased NFL players had CTE

Heckling fan sues Knicks over ejection

Sparano to step in as Raiders head coach

This weekend in NFL stupid

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.