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Yankees re-sign Andy Pettite

December 9, 2009

Joel Sherman of the Daily News writes that The Yankees have re-signed Andy Pettitte for one-year at $11.75 million.

The two sides quickly hammered out an agreement once Pettitte signaled he did want to play again in 2010 — and only for the Yankees.

Between base salary ($5.5 million) and bonuses, Pettitte earned $10.5 million in 2009. So the Yankee rationale was that Pettitte should get that plus a minor raise considering the strong season he had last year.

The Yankee offseason plan was built around obtaining Curtis Granderson and re-signing Pettitte, and both might be officially announced today.

With those two pieces in place, the Yankees feel more comfortable holding the financial line on Johnny Damon in negotiations, pursuing Roy Halladay without desperation and bargain hunting for left fielders, relievers and perhaps a starter such as Rich Harden.

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