Yankees, Pettitte reportedly closing in on deal

We speculated yesterday that the Yankees could be in position for a busy arrival at the Winter Meetings. By all appearances, Brian Cashman is in the process of getting a good deal of his holiday shopping done right now.

ESPN the Magazine’s Buster Olney has reported that left-hander Andy Pettitte is close to announcing he’ll return to the Yankees next year; Joel Sherman of the New York Post reports that the pact will be in the range of $10-11 million, which is a healthy raise over the $2.5 million Pettitte brought down after coming out of retirement last spring.

There are rumblings that a deal with Mariano Rivera is on the way and could be completed by the end of the week. Japan’s Nikkan Sports is also reporting that Ichiro Suzuki is set to agree to a one-year, $5 million deal to stay in pinstripes.

Having recently re-signed pitcher Hiroki Kuroda to a $15 million contract, the Yankees could soon turn their attention to free agent catcher Russell Martin, who has been patiently waiting with hopes of returning to New York.

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