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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.
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