BOSTON -- Despite saying they have been outbid for free agent first baseman Mark Teixeira, the Red Sox do not believe they are completely out of the chase, SportsCenter 5 has learned.

Sources have also told SportsCenter 5's Mike Lynch more about the negotiations that took place Thursday at Teixeira's Texas home.

Lynch reported the Red Sox team of owner John Henry, COO Larry Lucchino and General Manager Theo Epstein offered Teixeira, 28, an eight-year deal worth $184 million or $23 million per season.

It was then that agent Scott Boras countered by asking for an eight-year contract worth $200 million, sources said.

Lynch reported that Henry became infuriated at that point, balking at the massive sum.

In an e-mail to media members Thursday night, Henry said, "We met with Mr. Teixeira and were very much impressed with him. After hearing about his other offers, however, it seems clear that we are not going to be a factor."

Henry's reference to the "other offers" leaves open the possibility that he is calling Boras' bluff, who has been known to inflate the value of offers and the number of suitors pursuing his client, Lynch reported. Boras represented former Red Sox center fielder Johnny Damon, who signed with the New York Yankees in 2005 after the Boston brass apparently refused to believe that the offer from their archrivals was real.

Lynch also learned that one of Teixeira's hometown teams, the Washington Nationals, has made a huge offer. Teixeira is a Maryland native.

Teixeira was traded from Atlanta to Los Angeles in July. He hit .308 with 33 homers and 121 RBIs last season, including .358 with 13 homers and 43 RBIs in 54 games with the Angels. The Angeles said last week they made an eight-year offer.

Henry had expressed concern about a contract of eight years or more. "We all have limits," he wrote the AP on Wednesday. "Eight years is a very long time in baseball and everywhere else." He also said the amount the team is willing to spend on a free agent "depends on both" the economy and the player being sought.

"Baseball as a whole has not yet been hit by the financial crisis, but it will," Henry said. "The degree is in question and won't be answered for a while."

Teixeira, 28, has a career batting average of .290 and has won the Gold Glove award for his fielding ability. He was selected to the All-Star team in 2005.