Yahoo! Sports' writer Jose Mota is reporting, in his article entitled, "Nationals extend offer to Teixeira", that Washington has put a 7-Year/$150 M dollar deal on the table for the free agent first baseman...Earlier today, I heard XM MLB Hot Stove host Buck Martinez say that the offer was in the 7/8-Year/$160 M dollar range...The speculation everywhere though, is that the Red Sox might be willing to go as high as $200 M to sign Teixeira...And don't forget about the LA Angels...Teixeira and his agent Scott "Maximum" Boras are reportedly seeking 10-Years/$200 M...How high will Washington go? How high should they go?

Here's Washington Post writer Dave Sheinin's take from a Nationals Journal post entitled, "Teixeira: The Lay of the Land."

UPDATE - On ESPN.com's "Baseball Tonight: Hot Stove Special", Peter Gammons says, (to paraphrase)...the Nationals have gone hard at Teixeira, and they are still an option for Manny Ramirez. The Red Sox, Yankees, Angels, and Nationals still in the running for Teixeira...If Teixeira goes to Boston, it leaves the Angels and Nationals as the suitors for Manny Ramirez.

ESPN.com's Tim Kurkjian (again paraphrasing)...says that the Nationals should be interested in Adam Dunn, and from what he hears, no one else is talking about the free agent outfielder, so his price might come down....

I'll add any additional updates in the Comments...