Derek Lowe closing in on deal with Mets  —  According to a baseball source, The New York Mets appear to be closing in on a deal for free-agent pitcher Derek Lowe.  —  The deal is believed to be four years in length, or three years with a vesting option.  The contract is estimated to be worth between $14-16 million per season.

Mets deep in negotiations for Derek Lowe  —  Buzz up!  —  Mark Teixeira's agreement with the New York Yankees on Tuesday clears the way for the New York Mets to sign Derek Lowe, the free-agent pitcher who had been on the periphery of the Yankees' shopping list.

Sources: Teixeira, Yanks agree to 8-year deal … Free agent first baseman Mark Teixeira has reached agreement with the New York Yankees on an eight-year contract worth more than $170 million, two sources involved in the negotiations tells ESPN The Magazine's Buster Olney.

Nationals fall short in Teixeira bidding  —  Washington likely to shift focus to free-agent slugger Dunn  —  WASHINGTON — The Nationals let it be known during the Winter Meetings in Las Vegas that free-agent first baseman Mark Teixeira was their No. 1 target.

Brewers Owner Suggests Salary Cap After Yankees Sign Teixeira  —  A A A  —  Dec. 23 (Bloomberg) — Milwaukee Brewers owner Mark Attanasio said Major League Baseball may need to impose a salary cap to preserve competition after the New York Yankees spent $424 million to sign three players.