Apparently the O's aren't willing to up their offer believed to be in the 7 year, 150M range (as stated here by Buster Oiney and his "sources"). With every other team in play (the nats, angels, and sawx) offering at least an extra year and 10M on top of that, it seems the O's would have to get a big time home team discount to land Mr. Teixeira (not usually a good bet when dealing with Boras). Of course, this is only to be believed if you believe Olney. Guess we shall see...
UPDATE: I am bumping this up front because the other Teixeira thread is already 80+ comments and two news cycles old. And this is obviously the most newsworthy topic for the O's until it gets resolved. That said, I still think Olney is a hack, per this discussion in the other thread. -zk
UPDATE #2 (Wed, 3:08 EST): MacPhail indicates "flexibility", per The Sun:
Although the Orioles have not upped their initial offer to free-agent first baseman and Maryland native Mark Teixeira, the possibility remains that they will, according to the club's top official.
"We have indicated before that we have flexibility," Orioles president Andy MacPhail said today. "I don't think anyone expects [Teixeira's agent Scott Boras] to lean over and accept the first proposal."
UPDATE #3 (Thurs, 6:35 EST): The Sox are reportedly meeting with Boras tonight (see this thread).