"Yeah, $22.5 million is a lot of money. When the Yankees inked Teixeira, $22.5 million seemed like a lot of money, and it'll seem like more (even though it's less, with inflation) in 2016, the last season of the contract. Teixeira will turn 36 that season, and likely won't rank among the dozen or so first basemen in the majors.
Right now, though? He's still pretty damned good. Which is plenty good enough for the Yankees."
Rob Neyer | Baseball Nation
Good analysis by Rob, here. I wonder if having the 4th-best one bagger is good enough for Yankee fan, though. Kinda makes that claim on Pena a bit more interesting, doesn't it?