Pettitte Returns to Yankees on $16M Deal
NEW YORK (AP) _ Andy Pettitte is headed back to the New York Yankees. Pettitte and the Yankees reached a preliminary agreement Friday on a $16 million, one-year contract, a person with knowledge of the negotiations said. The person spoke on condition of anonymity because the agreement had not been announced.
The deal includes a $16 million player option for 2008. Pettitte must pass a physical for the agreement to be finalized.
Pettitte left the Yankees after the 2003 season to sign with his hometown Astros and spent three seasons with Houston. Joined by former Yankees teammate Roger Clemens, he helped Houston reach the World Series for the first time in 2005.
The 34-year-old left-hander was 14-13 with a 4.20 ERA last season. He would join a rotation that includes Chien-Ming Wang, Mike Mussina and Randy Johnson.