"I've decided to end my relationship with Scott Boras," Teixeira said after gathering reporters to his locker in the clubhouse of George M. Steinbrenner Field on Wednesday morning. "He'll no longer be my agent. There's no reason to get into a lot of specifics right now. Sometimes business relationships just run their course. For me and my family right now, this is the best decision."
Boras negotiated the eight-year, $180 million deal that Teixeira signed with the Yankees in December 2008. He also negotiated third baseman Alex Rodriguez's 10-year, $275 million contract extension with the Yankees signed after Rodriguez opted out of his original 10-year, $252 million deal, also negotiated by Boras. Rodriguez dropped Boras last September.
The association between Teixeira and Boras dates back 12 years, to when Teixeira was a teenage prospect at Georgia Tech. "Scott and I have had a great relationship businesswise," Teixeira said. "We both have worked well together. He was obviously disappointed but hopefully when I see him we'll be able to shake hands and say thanks for the work that we've done for each other."
Boras talked with Teixeira on Tuesday.
"Mark and I had a very cordial conversation," Boras said. "Our company had the great honor of working with Mark for over a decade. It was privilege to see him grow into one of the best players in the game, become an All-Star and a World Series champion and win a contract that recognizes him among the game's elite players. We wish him the best moving forward."
Although he said he has been considering the move for a year, Teixeira said he has not hired a new agent and does not have one lined up to replace Boras. "There's plenty of time for that," he said.
"Right now, the next contract isn't really on my mind," Teixeira said. "When I hired Scott at 18, it was to help me with my career. From the time I was a rookie, people started talking about my free-agent contract. Unfortunately, it took away from a lot of things I did on the field. I felt, at times, I was a Mark Teixeira, Scott Boras' client, instead of Mark Teixeira, baseball player."
Asked if he would continue to pay Boras his commissions for the remaining six years of the contract, a laughing Teixeira said, "of course."
Teixeira's contract runs through 2016 and will pay him $22.5 million a year for each of the next five years.
Earlier this spring, Yankees second baseman Robinson Cano acknowledged that he had hired Boras as his agent. Boras also represents relief pitcher Rafael Soriano and outfielder Andruw Jones, both signed by the Yankees this winter.
Wallace Matthews covers the Yankees for ESPNNewYork.com. Information from The Associated Press was used in this report.