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Yankees Sign Pettitte

The Yankees and Andy Pettitte have agreed to a one year deal worth 5.5 million dollars. The Yankees had a one year offer on the table for 10 million dollars, but pulled that after Pettitte refused to back down from his sixteen million dollar contract demand. Pettitte went 14-14 with a 4.54 ERA in 33 games for the Yankees last season, but was 10-7 with a 4.03 ERA in his first twenty starts.

Pettitte will become the Yankees fifth starter behind CC Sabathia, A.J. Burnett, Chien-Ming Wang, and Joba Chamberlain. Its possible that Chamberlain will be moved back to the bullpen, so expect top prospect Phil Hughes to get at least 15-20 starts.

This story was approved by MLB Rumors.