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UPDATE: Pettitte deal confirmed at $11.75 million

Dec 9, 2009, 12:01 PM EST

UPDATE:  The deal is now confirmed at $11.75M

Heyman tweets that the Yankees are about to sign Andy Pettitte to a one-year, $12 million deal (UPDATE: Joel Sherman says it’s actually $11.75m — we’ll see who’s right later).  The deal will be finalized today.  $12 million is about what he got last year once all of the incentives came due. Pettitte had previously rejected a $10 million offer.

Pettitte was 14-8 with a 4.16 ERA in 2009.  He went 4-0 in five postseason starts, with the
final win coming in Game 6 of the World Series. It has been widely reported that if the Yankees didn’t sign him this winter he was going to retire.

As for the deal itself: he was given a low base salary last year — $5.5 million.  In a lot of ways it seems like a $12 million, no-or-low incentives deal is something of a reward for him taking some risks last season.

The Yankees kicked ass in the playoffs. They are continuing to kick ass in the winter meetings.  It’s their world, and we’re all just living in it.

  1. mick-7-1961 - Dec 9, 2009 at 12:26 PM

    Matsui and Suzuki played in different leagues in Japan and rarely crossed paths. They’re not ‘personal’ friends, however, in an interview last year, Ichiro said that when they see each other, they go out of their way to greet each other and talk about baseball.

  2. Faithful Fan in New Mexico - Dec 9, 2009 at 12:29 PM

    WooHoo! Happy to hear that my favorite baseball player is going to be around another year!! Here’s to another great year!

  3. NYguy - Dec 9, 2009 at 12:35 PM

    Jealousy sure has an ugly head in you. Talk about a whiney crybaby.

  4. DinkyDow - Dec 9, 2009 at 12:36 PM

    I’d like to see the Yanks keep Matsui and let Damond go. I know they want to rest guys like Jeter & Arod as the DH, well let Matsui sit for the games he’s not DH. He’d make a great pinch hitter off the bence if when he’s not DHing and Melky’s glove and arm would be a great improvement in left. Not sure who’s going to bat in the 2 hole though, Granderson strikes out too much. maybe Cano?

  5. NYguy - Dec 9, 2009 at 12:37 PM

    When you say, “bite my a$$,” we are confused as we all assume that is your face.

  6. fearless - Dec 9, 2009 at 12:43 PM

    to MICK 7 61 Matsui and Ichiro hate each other for real, all the way back to Japan. He will not play in Seattle with Ichiro, you can put that in tghe bank!

  7. upperdeck4 - Dec 9, 2009 at 12:47 PM

    Well Spahnie is thinking it from heaven, rest his soul.

  8. AJ Gallo - Dec 9, 2009 at 12:48 PM

    I agree with Eric Solomon above, “I think Cashman has a series of moves planned out. I think they still sign Damon or Matsui (whoever will take the offer he will make for 1/2 years at no more than $10m) and I bet there’s a stealth trade coming for a pitcher using Melky/Gardner and Hughes/Joba. Just a guess, but the Granderson deal feels like the first step toward something.” I think the Yanks aren’t done either, although, to be honest, there’s a lot to be said for, “if it isn’t broke, why fix it?”

  9. Bronx-Born/Raised Yankee Fan - Dec 9, 2009 at 12:51 PM

    I bleed Yankee blue pinstripes but $12 million for one year for an aging ace who everyone admittedly is fond of is kind of the same mistake the Rangers make every year. The Rangers hire aging, past-their-prime pitchers (can you say Millwood) would fade away or get injured and then miraculously heal just before contract time.
    I think Petite is a great guy, a leader, a fierce competitor and a terrific pitcher but, at this stage of his career, $12 mill for one year is ridiculous. Let him retire and use the money to buy some young, hot, future-ahead-of-him prospect.
    It’s time to put Hideki Matsui out to pasture, too. He finished up big but needs to go out (or away from the Yankees) on top. Kind of like Elway did when he retired from the Broncos.

  10. YANKEES1996 - Dec 9, 2009 at 1:11 PM

    A self proclaimed bleed Yankee blue fan back peddaling on Andy Pettite, one of the core 4, won every clinching game of every post season series we played this year, the BIGGEST BIG GAME PITCHER we have ever had!!! Blasphemer, Jezabel, you go to Yankee Stadium right now stand in the middle of Monument Park and ask for the forgiveness of all the Baseball Gods!! (Really, to question signing ANDY)
    By the way I do agree with you on Matsui however.

  11. Church of the Perpetually Outraged - Dec 9, 2009 at 1:13 PM

    …this is not helping the economy, and thus, people who actually GO to the games should not complain…big ticket salaries mean bigger ticket seat prices…(and I AM a Yanks fan).

    You couldn’t be more wrong. Salaries have absolutely nothing to do with ticket prices, its simply supply and demand, or Econ 101. More people want to see a game, ticket prices increase.
    Please stop using this train of thought.

  12. Oscar - Dec 9, 2009 at 1:14 PM

    Considering schleps like Randy Wolf are getting 3 years at close to $10mm per year, it’s hard to question $12mm to Pettitte with only a 1-yr committment.

  13. Bob Andrus - Dec 9, 2009 at 1:35 PM

    They’ll package a pitcher and Granderson(more or less)for Halladay.
    After they negotiate a long term deal w/ Halladay of course. It’ll be part of the trade. You betcha!

  14. Glenn Kozak - Dec 9, 2009 at 1:36 PM

    MLB needs to have salary caps like the NFL. They also need a draft system, so the teams with the worst records can draft the best young players and improve. The Yankees continue to buy their Championships, and small market teams (i.e. Kansas City) have very little chance of winning the World Series.
    Expand Inter-League play from 6 to 12-30 games per year. Especially for natural rivals (Yankees-Mets, Cubs-White Sox, Astros-Rangers, Giants-A’s, Dodgers-Angels).
    Get the World Series completed in October! Schedule some day games, especially on the weekends. November is too cold to play baseball is many MLB cities.

  15. Old Baseball Guy - Dec 9, 2009 at 1:43 PM

    Why is it that comments from obviously Red Sox fans always bring up about Yankees buying their championship and the Red Sox are tru-blu. Bull… Remember…let me see…who paid 50 mil for just the right to talk to Dice K ???? OMG!!!! Money well spent… now that he can’t even finish a season. That pile of dung was on vacation at crunch time 2009. Take a look at the Sox roster and let me know how many home-grown boys are on the team. Do the same with the 2004 roster… Just another sore looser blowing hot air. If the sox don’t buy players, then why are they chasing the BJ’s management ? Quit complaining about the Yankees, and start up with MLB management; they are the ones who set up the rules and guidlines. The Yankees only follow the rules that are given to them. Remember the A-Rod deal? The Red Sox had him just about signed before mlb found out that the Red sox were offering an illegal contract… Now who cheats?

  16. chrissy22ny - Dec 9, 2009 at 1:45 PM

    ok dummy summerof67….you said the yankees and red sox have the same number of championships…r u kidding me…u cannot even compare the red sox to the yanks…27 world series for the yankees and ummmm lets see a mere 7 for the sox….haha…come on dude…nice of you to be hopeful….

  17. YANKEES1996 - Dec 9, 2009 at 1:51 PM

    Hey Glenn, Next year in the NFL is supposed to be an uncapped year, right! As for the contention the the Yankees buy their Championships, I will remind you that all the other teams pay their players to play and also sign free agents, and have you ever heard of revenue sharing? Listen, the Yankees have paid huge luxury tax bills to MLB for I don’t know how many years and that money is distributed to the small market teams, and there has never been any bitching by the Yankees about paying that tax. So here is some advice take that sorry a$$ view about the Yankees buying their Championships and lose it, because it is crap! If your team won’t sign free agents and spend money for the guys they need for your team to win then you have 2 choices, get new owners that are determined to put winning teams on the field like the Steinbrenner family or continue with your whining. But do all Yankee fans a favor and do that whining on a Red Sox message board where you will be right at home!!!!

  18. TigerS Boy ToY - Dec 9, 2009 at 1:56 PM

    I’m a Yankee fan, I was being sarcastic, Big game Andy won the Three CLINCHERS, I KNOW WHO HE IS. hE DESERVES 15 MILLION.
    WHY ARE YOU SO ANGRY ?

  19. YANKEES1996 - Dec 9, 2009 at 1:58 PM

    Go Old Baseball Guy, speak the truth!!! Clear the soap box Ladies and Gentleman here is someone worth listening to!

  20. TigerS Boy ToY - Dec 9, 2009 at 2:02 PM

    I’m a YANKEE FAN TOO, I DON’T APOLOGIZE FOR THE SALARIES THEY PAY.
    IF YOU CAN’T AFFORD THE GAME STAY HOME AND WATCH THE GAME ON YES.
    I ATTEND LESS GAMES BECAUSE OF THE PRICES BUT I CAN’T TELL THE YANKEES HOW TO SET THEIR PRICES FOR THEIR PRODUCT, THIS IS AMERICA.
    THIS DOES STOP ME FOR ROOTING FOR JETES AND THE OTHER FELLAS.
    GO YANKEES, WIN # 28

  21. TigerS Boy ToY - Dec 9, 2009 at 2:08 PM

    WHY DON’T YOU LEARN TO WIPE YOUR A$$ FIRST, NOW RUN ALONG LITTLE FELLA AND PLAY WITH YOUR GI JOE DOLLS OR A HORSE PILE OF CHIT.

  22. TigerS Boy ToY - Dec 9, 2009 at 2:11 PM

    PUT DOWN THE CRACK PIPE AND WALK AWAY,SON.

  23. SRB - Dec 9, 2009 at 2:30 PM

    My son is a huge yankee fan. And I asked him if Yankees tickets are much costlier than the other teams. He said no. Is that not correct?

  24. yankee hater - Dec 9, 2009 at 2:31 PM

    yankee’s STINK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  25. TigerS Boy ToY - Dec 9, 2009 at 2:32 PM

    papi,manny,lowell,beckette,foulke,orlando,dice,igawa,veritek,the knuckle ball pitcher, 3 out of 5 second base they tried……..
    ALL RED SAUX HOME GROWN PLAYERS, RIGHT?
    THE CORE FOUR, GOGGLE IT.
    Baseball Guy, the saux only count from 2004-2007.CraZy people up there think that is when baseball started

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