Yankees, Andy Pettitte nearing new contract agreement

Elsa

Pettitte has decided to return to the Bronx for one more season.

At long last, Andy Pettitte has finally made the decision to continue playing baseball and is close to a new one-year deal with the New York Yankees, reports Buster Olney of ESPN:

The 40-year-old Pettitte had been on the fence about whether to return since the Yankees were swept in the ALCS in October. All signs pointed to the veteran left-hander returning for another season, but nothing was certain until now. Pettitte earned just $2.5 million in 2012 and was in line for a big raise, which he is likely to get, reports Joel Sherman of the New York Post:

The tall left-hander proved he had plenty left in the tank after a year of retirement, posting 2.87 ERA and 8.2 K/9 rate in 12 regular-season starts for the Yanks in 2012.

An official announcement from Pettitte and the Yankees is expected in the next few days.

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