Yankees sign Andy Pettitte to a one-year, $12 million deal

It’s official. Andy Pettitte will be back with the Yankees next season as he has signed a one-year, $12 million deal, plus incentives, according to Buster Olney of ESPN.

This is probably the fastest Pettitte has come to a decision on returning in four or five years. Last year the Yankees offered him $10 million to come out of retirement, but he turned it down unsure if he was physically able to come back. He spent the offseason working out and eventually agreed to a $2.5 million deal after the Yankees had signed Hiroki Kuroda.

He was successful last year, pitching to a 2.87 ERA with a 8.2 K/9 and 2.5 BB/9, and made up his mind before the Yankees spent their entire budget so he got himself a nice raise this year. Pettitte did spend almost three months on the disabled list last season because of a broken ankle, but that was seen as a freak accident is in now way a sign that his body is breaking down.

With Pettitte back in the mix, the Yankees now have their rotation locked down. CC Sabathia will be up front as usual, Kuroda, Pettitte, and Phil Hughes behind him with Ivan Nova and David Phelps left to battle for the fifth spot in the rotation.

That doesn’t necessarily mean that the Yankees won’t continue to pursue low cost options for the back end of their rotation. One rumor suggested that they will try to “bottom feed” for depth by pursuing aging players and players coming off injuries. Adam Warren will also be in the mix to get starts in the major leagues although he may be next in line to serve the Phelps/Hector Noesi role as long man in the pen.

With the starting rotation set, the Yankees will likely try to re-sign Mariano Rivera next and then turn their attention toward Russell Martin or replacing him. After that they’ll probably try to fill the right field vacancy with Nick Swisher departing.

About Rob Abruzzese

Rob Abruzzese created Bronx Baseball Daily in 2008 just before graduating from Brooklyn College. He currently serves BBD as its editor and works as a reporter at the Brooklyn Daily Eagle. Follow Rob on Twitter @RobAbruzzese.
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5 Responses to Yankees sign Andy Pettitte to a one-year, $12 million deal

  1. Derek says:

    I love that the Yankees brought back Pettitte, but I am a little unhappy with the price. Yes Pettitte was great, but it was only in a limited stint. I would imagine his numbers would average to a little higher ERA had he pitched a full season. There have been very few pitchers go into their 40's in the MLB, so I think with that, we overpaid for a player whose body will most likely breakdown at some point in the season. I love the respect he brings to the team, and the will to win the second half of the season. I just think that $12MM is a very steep price. That's a lot for a real #3 pitcher. Welcome back Andy. Please prove my comments wrong.

    • Hardcore Yankee Fan says:

      A pitcher able to generate 3.30-3.50 ERA and capable of throwing 200+ innings will fetch $20-25M. Greinke, who's performed much worse will fetch a lot more for many years. This is just where the market is. If Andy pitches 200 innings with a sub 3.80 ERA, he will have well more than earned his money.

    • Greg Corcoran says:

      Pettitte easily would have made 12 million for one year on the open market, maybe more. He instantly brings the team very close to where they were last year. A few upgrades in RF, C, and Utility infield and they will be better than last year.

  2. I hear you, but there are no red flags around Pettitte. He never had a history of chronic injuries and outside of a groin pull in 2010 he hasn't shown many signs of aging. In fact, he's actually become a better pitcher in his old age, relying less on stuff and more on pitch-ability.

    Just look at the alternatives if the Yankees hadn't signed Pettitte — there really weren't any.

  3. Mike says:

    Andy won't even smell 200 innings. He'll be on the DL once, maybe twice before the season ends. He's getting twice as much as he deserves. Hope this doesn't come back to haunt them like so many other pitching decisions over the years.

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