BREAKING NEWS - Red Sox Drop Out of Teixeira Sweepstakes

SI is reporting that Red Sox owner John Henry has said the Red Sox have been outbid for Mark Teixeira and they are not going to throw any more money into the pot.

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

This does not necessarily mean the Sox are done in the case that Boras was bluffing about other offers and will have to come back to the Red Sox with hat in hand but that is an unlikely senario.