Well, I can’t tell if it’s a sweepstakes or it’s going to be a case of the winner’s curse. But the Angels publicly backing out, and John Henry publicly saying that the Sox will not be a factor in the negotiations, is very interesting from both a baseball fan and a game theorist’s point of view. What is the value of credible threats? And binding agreements? (In this case the ‘binding’ is less legal in nature than using the nature of public pronouncements to bind oneself.)
I’m not even sure what I want as the end result - I’d like to see Teixeira on the Sox, but if he goes to the Orioles (or better yet, the Nats), I’m not going to be too upset.