Andy Pettitte and the Yankees have finally agreed to a one-year deal worth $12 million plus $2.5 million in award bonuses. Although the lefty seemingly retired after the 2010 season, Pettitte returned in 2012 with a $2.5 million contract. In 75.1 IP last season, the un-retired Pettitte put up a 2.87 ERA, a 3.48 FIP, and a career high 22.8 K%. He also posted a career high GB% thanks to a career high two-seam fastball usage.
Unless there is a major trade that sends Phil Hughes, Ivan Nova, or David Phelps to another organization, the Yankees starting rotation is now identical to last year’s. This likely means they are done on the starting pitcher market, but they have also mentioned looking at Freddy Garcia-type options.
This marks the second big one year deal that the team proposed, second to Hiroki Kuroda‘s $15 million contract, and the team will likely do the same with Mariano Rivera. There has also been speculation that the Yankees and Ichiro Suzuki are looking for a one year deal for the 2013 season as well. All of these one year deals puts them in prime position for their 2014/2015 budget, and leaving them open to re-sign Russell Martin to a multi-year contact.