Are the Yanks set to make Teixeira an offer? Who knows? But in today's local papers there are a few articles that suggest the front office is debating this issue. Meanwhile, everyone still thinks the Sox are very much involved.
David Pinto at Baseball Musings wonders if the Yanks and Sox are playing a game of Hawk-Dove:
This could be an interesting game of passive chicken between the
Yankees and Red Sox. With neither of them bidding at this point, the
Nationals and Angels can keep their prices low (if $20 million a year
is low). Then, we'll see if one of the two big rivals blinks at the
last minute and tries to land Mark. At that point, they may be able to
obtain his services for $21 million a year.