Henry: “We are not going to be a factor” to sign Teixeira

In a stunning twist after people thought a free agent signing of Mark Teixeira by the Boston Red Sox was imminent, John Henry e-mailed the media saying:

We met with Mr. Teixeira and were very much impressed with him. After
hearing about his other offers, however, it seems clear that we are not
going to be a factor. (Boston Globe)

The rumor is that the Red Sox refused to go past eight years in the bidding which some other teams may have offered and also will not pay him the highest annual salary of any of the bidders.