http://mlb.mlb.com/news/article.jsp?ymd=20081216&content_id=3718580&vkey=news_bos&fext=.jsp&c_id=bos&partnerId=rss_bos

The Boston Herald reported in its Tuesday editions that the Red Sox have extended an offer for Teixeira, believed to be the longest and richest in the seven-year history of the ownership group led by John W. Henry.

Though the newspaper doesn't cite its source, it stated that the offer is "believed to be for at least eight years."

The Red Sox have a club policy of not commenting on their negotiating stance with any free agents.

Looks like we can now confirm that an offer is actually on the table. Hopefully the amounts come in soon.