The New York Yankees and right-handed starting pitcher Hiroki Kuroda have agreed to terms on an one-year deal, according to Buster Olney of ESPN, meaning the veteran will be back in pinstripes for another season.

Sources: The Yankees have agreed to terms on a one-year contract with Hiroki Kuroda.

— Buster Olney (@Buster_ESPN) November 20, 2012

Kuroda, 37, earned $10 million last season with the Yankees and earlier in the offseason declined their one-year, $13.3 million qualifying offer. He will turn his fantastic 2011 campaign into a raise for 2013, according to ESPN's Buster Olney, who reports Kuroda will earn $15 million with incentives that could push it near $16 million.

The agreement with the Yankees and Kuroda is for $15 million, with some incentives that are worth less than $1 million.

— Buster Olney (@Buster_ESPN) November 20, 2012

The veteran right-handed starting pitcher received interest from a few other teams, including the Los Angeles Angels and Dodgers, but also teams from his native Japan. Kuroda posted a 3.32 ERA across 219 2/3 innings of work last season.