Pettitte closing in on deal with Yankees
Andy Pettitte appears to be closing in on a one-year contract, allowing the veteran to help open the Yankees’ new stadium as a member of the rotation.
A baseball source told MLB.com Monday that the Yankees were nearing completion on an agreement with Pettitte, and a deal could be reached later in the day.
The Yankees have not officially commented on the developments, but discussions between Pettitte’s representatives and general manager Brian Cashman have continued for weeks.
The 36-year-old’s agents, Randy and Alan Hendricks, have advised Pettitte that the Yankees’ offer – widely reported to be one year at $10.5 million – represents too large of a pay cut it represents from the $16 million he earned in each of the last two seasons. But the Yankees could help make up some of the difference by including performance-based incentives.