Dec
09

Yanks, Pettitte agree on one year, $11.75M deal

By

In an entirely unsurprising move, the Yankees and Andy Pettitte agreed today on a one year contract to bring the lefty back to Bronx. After earning a $5.5M base salary and another $5M in incentives last year, Pettitte gets $11.75M guaranteed in 2010, with no incentives.

“Andy is unique in that he’s only interested in playing for one team,” said agent Randy Hendricks. “It limits what I normally do, but that’s Andy.”

The 37-year-old southpaw was on the mound when the Yankees clinched the AL East, the ALDS, ALCS, and World Series in 2009. He fell just short of his fifth consecutive 200+ IP season, finishing at 194.2. For the first time in three years, Pettitte allowed fewer hits than innings pitched, and he’ll presumably slot into the third spot in the rotation.

Following yesterday’s pickup of Curtis Granderson, the Yanks have about $182M committed to just 12 players in 2010. Most of the bullpen and bench will be made up of guys making close to minimum, so it’s more like $187M for 22 or 23 guys. The payroll is expected to be between $190-200M next year, meaning they have roughly $10M to figure out leftfield, designated hitter, and possibly another pitcher.

Categories : Transactions

128 Comments»

  1. Christos says:

    And then we can relax the rest of the winter…

  2. I wonder if there are any incentives to bump it up.

    $12MM seems very reasonable. He’s only come in under that (per FG) twice, and one of those was the injury shortened ’05 season.

    Glad to have you back, Andy.

    A rotation of CC/A.J./Andy/Joba/Phil? Mmm, mmm!

  3. DonnieBaseballHallofFame says:

    I think this $ is too much for Andy at his age, but then you see what Brad Penny got as a guarantee and it looks good at a one year agreement.

  4. goose says:

    who is Ansy Pettite?

  5. danny says:

    get it done cash money!

  6. Meat Loaf says:

    3.3 RAR last year and rated as a $15 million dollar player last year. Earned somewhere around $10.5. I’d say this is the least suprising move of the offseason.

  7. SI’s Jon Heyman tweets that the Yankees and Andy Pettitte are close on a $12 million deal…

    TWEET TWEET BIIIIIIIIIIIIIIIIIITCH TWEET TWEET

  8. Riddering says:

    I knew Andy loved us more than his children.

  9. A.D. says:

    Cash getting things done, and onto the Rule V

  10. rbizzler says:

    Cash’s updated to-do list:

    1) Make a low ball offer to Damon
    2) Sign Cammy if Damon balks at a one-year deal
    3) Kick the tires on the reclamation projects in this order – Sheets, Harden, Esco, Bedard
    4) Look for cheap bullpen filler on one-year contracts
    5) Block any deal sending Halladay to the Sox

  11. Will says:

    According to Jayson Stark, the Yankees are shopping their Rule V draft pick. Interesting….

    • A.D. says:

      Maybe the Yanks just realized Tosoni isn’t available.

      I kid, no harm in shopping it.

    • Mattingly's Love Child says:

      Can you believe anything said by Stark about the Yankees though? His hatred runs deep.

      • DP says:

        Eh, he picks us to win the World Series every year. He plays the money card more than most, but there’s a lot worse than Stark.

      • DonnieBaseballHallofFame says:

        I do not dislike Stark. He was the ONLY guy in the Philly market who picked the Yanks to win the WS and he got HAMMERED for it.

        It was comical to listen to the no nothings on the Philly talk radio lines talk about Phils in 5 and that the Phils were too good for the Yankees to be able to buy their way to a title. Few days later: Only reason the Yanks won is they bought the title. No dumber sports fans than Philly fans (as a group not singling out anybody).

        • Mattingly's Love Child says:

          Stark has for years had a hard-on to trash the Yankees spending money, and especially ARod and his contract. I hadn’t realized it until Spring Training this year. Then I did a search of the ESPN archives, and struggled to find much positive about the Yankees, that’s for sure.

          He may have picked the Yankees to win the WS, but it doesn’t mean he doesn’t hate. He saw the writing on the wall, he looks better to pick the winner, even he hates the winner, than picking the loser.

          • Stark has for years had a hard-on to trash the Yankees spending money, and especially ARod and his contract.

            Why Jayson Stark is an insufferable douche, Exhibit A:

            http://sports.espn.go.com/mlb/.....id=3892788

            • Usty says:

              This article. Absolutely the most hyperbole-driven dreck ever written.

            • DonnieBaseballHallofFame says:

              I think Stark uses Pete Rose’s barber. Stark got that balding Pete Rose haircut look.

              As I have said before all that matters is the way you look if I do not like you. Stark got that pumpkin pie hairclub for men Pete Rose special cut by a barber using a flobee with poor suction.

          • Thomas says:

            In Stark’s defense, many of his articles are the weird thing that have happened in baseball over the year(s). The Yankees’ payroll and signings often set many records. For expample, if the Yanks start poorly, they get the stats like the highest payroll for a team starting 11-19 or first team to give out 3 five year contracts and lose 6 of first 10, etc.

            These are the bizarre stats Stark loves (and I don’t think he put much faith in them as a predictor) and writes on.

          • DonnieBaseballHallofFame says:

            I do not mind hate, as long as you in the imortal words of Mack 10, Ice Cube and Dub-C:

            “BOW DOWN WHEN YOU COME TO MY TOWN”

            In case you do not know the song:

            peep the hizzook around one mins in

            http://www.youtube.com/watch?v=-oWYp6nJPnY

  12. TJF says:

    The 12 mil is partly a reward for last year and also a recognition that he still has gas int he tank to do it again this year. A great playoff performer.

    The real issue Left is Halladay. Are the Yanks driving up the price by dangling Montero and Joba/Hughes? Would they really make that trade if Toronto accepts? Or do they drive it up so Boston has to give up studs that they won’t give up?

    If Montero can’t catch in the big leagues then he’s expendable. Joba and Hughes are difficult calls, but the Yanks have evaluated and debated the pros and cons more than once over time. IF they do pull the trigger and grab Halladay, then they clearly believe that it would be the best thing for the club.

    Me? Knowing what I know and what probably the rest of us know (none of us have any special access to Yankee data on these players, none of us have ever even spoken to these players to judge their personality etc). I would say DO IT. It’s Roy Halladay. Montero will probably be a good player, I would deal Hughes and keep Joba.

    Hughes probably has the highest trade value that he will have right now. There is still some suggestion that he could be a starter or a dominant closer (I don’t think he’s going to be anything better than a #4 or #5 Starter or a mid to late inning reliever). He won’t be a Cy Young caliber front of the rotation guy, just my opinion. Halladay is. Done deal.

    Joba on the other hand has shown that he can start but needs more time, or that he could be a dominant closer. The Yanks really have to commit to one or the other with him. They probably have discussed this plenty. I would keep him and Deal Hughes.

    Bottom line offer Hughes and Montero and grab Halladay.

    CC, Halladay, Burnett (who by the way loves being mentored by Halladay), Pettitte, and I’ll be number 5 if they need somebody.

    So filthy it would be ridiculous. Yes you give up talent, by Halladay is Halladay. 33 or not, he has 5 years left at least. He has never won and he wants to win.

    The other issue to consider is that the core of the team isn’t exactly composed of spring chickens. There is some pressure to win now while the talent is all in place. How long do we wait for players to develop? I think the Yanks know very well what they give up.

    Name a player that the Yanks traded young, from their farm system that won a Cy Young Award or turned out to be a flat out stud like Grienke, etc? I can’t think of any. Have some confidence that the Yanks know what they are doing. If they do get Halladay, it will be after considerable thought and multiple opinions about the players they are giving up.

  13. Jobamania says:

    12mm guaranteed is too much :/

  14. Will says:

    And then Cashman hangs up the phone and laughs because he’s not dealing both Hughes and Montero.

  15. Rob in CT says:

    $12MM sounds about right. Get it done, and move on to LF, DH and rotation depth (Sheets, please).

  16. Thomas says:

    Davidoff is saying $11.5M and that it should be done within a day or two. Awesome.

  17. Jobamania says:

    im not sure what the fascination with leaving the DH spot open is. Which lineup is better, one with an actual starting DH or one with a utility man in there

    • DonnieBaseballHallofFame says:

      I agree. Also people get hurt, and we need a bench. I like options, if nothing else the Yanks $ should give us said options. This aint Kansas City.

    • rbizzler says:

      I don’t think that anyone wants to leave the DH spot open, they just don’t see it as a priority with now.

      There are plenty of DH candidates floating around out there, not to mention all of the non-tender candidates. There is no need to make a move right now when you can fill the spot at a cheaper price later on.

  18. Jobamania says:

    Yankees re-signed LHP Andy Pettitte to a one-year, $11.75 million contract.
    The price is certainly above market value, but the Yankees feel confident he can replicate or even top his stat line from this past season. The 37-year-old Pettitte went 14-8 in 2009 with a 4.16 ERA and 1.38 WHIP in 32 starts. He’ll serve as New York’s No. 3 starter in 2010.

  19. danny says:

    once this is done only 2 more things to do

    1. Sign damon to a reasonable contract
    1.(b)if damon wants too many years/money then sign dh type (johnson,thome)

    2.Sign low risk high reward pitch (sheets, Harden)

    • Reggie C. says:

      The Damon talk has died down somewhat with Matsui to the Angels talk coming to life. I doubt anything has changed in Damon’s stance. Damon continues to demand a multiyear (i’ve heard MORE than 2 yrs), no-paycut deal.

    • Kiersten says:

      1. Sign damon to a reasonable contract
      1.(b)if damon wants too many years/money then sign dh type (johnson,thomematsui)

      Fixed.

    • Upstate says:

      I agree with everything except the DH. I’d like to see the yanks get Johnny reasonably on a 1-2yr deal. If that doesn’t work bring in Cameron for 1-2. Trade Melky for relief and platoon Gardner.

      I’d much rather use the money to sign a sheets/harden type like you said and bring back Hinske or a Hinske type 2-3m-1yr deal range as a DH but mostly use the position to give guys a day off.

      If the yankees stay true to their word with the budget I don’t think they can afford both positions and I’d much rather them get a 4th starter.

  20. MattG says:

    A Pettitte signing without maximum drama? That’s hard to believe.

  21. Just want to say woop woop, hooray.

  22. Rod says:

    Kick the tires on Sheets and Johnson and call it an offseason.

    Montero can stick at catcher for six years which is all he really has to do. Not sure if you’ve noticed but Posada isn’t really a good defensive catcher. Actually, he isn’t even an average defensive catcher, he is pretty bad but his bat allows him to stick there. If Posada can stick at catcher at age 38 then a 21 year old with a potentially much better bat can stick there for a few years.

    • The only position that Nick Johnson can play besides DH is 1B. 1B is blocked by Tex.

      I’m thus only interested in Nick Johnson if he’ll take a one year deal, which I doubt, because I want DH’s on one-year deals for the foreseeable future, so that either Posada or ARod can be moved to DH if necessary.

      Particularly Posada. If Montero’s ready to go by 2011, he’s the new catcher and Jorge moves to fulltime DH.

      Whomever is the 2010 DH should be someone on a one year contract, or someone who can play a corner OF position if necessary.

      • Evil Empire says:

        This.

        I’d like to see one of these 3 people signed (in order of want):

        Damon
        Matsui
        Johnson

        Damon is good enough to be worth 2 years, Matsui/Johnson 1 year due to positional inflexibility.

        • Upstate says:

          I don’t understand why you would sign matsui/johnson?? All matsui can do is dh and johnson can only play back-up to Tex otherwise he is dh. I’d like to have Tex in the games as much as possible. So then you are stuck with 2 dh’s…what would be the point of signing those two?

          I don’t think they should re-sign Matsui. Johnson just doesn’t work as a dh because he doesn’t have the flexibility to play multiple positions to give guys a day off.

          • andrew says:

            Matsui was the full time DH last year and that worked out okay. Resigning Matsui or Johnson would give us the same type of defensive flexibility that we had last year.

        • Upstate says:

          nevermind…you said one of three. I still don’t like matsui or johnson though.

        • whizkid says:

          Both Damon and Johnson slot better as a #2 than a #5, which is similar to what Granderson brings to the table… Damon’s power numbers are special for a 2 but pedestrian for a #5.. Pre-trade, I would have been Damon > Matsui, now that we have Granderson, it’s Matsui > Damon, contingent on him accepting full-time DH and 1yr @ $5M. Melky’s numbers from last year prorates to 15-20 HR’s, not that bad of a drop-off from Damon, esp after considering the 10M diff in price (from Damon’s asking price)…

  23. Evil Empire says:

    More rumblings about a trade for Doc:

    http://twitter.com/jaysonst/status/6499813839

    I don’t know how to feel about that. As much as I love Montero, if the Yankees are trying to trade him, its probably because they, in their heart of hearts, don’t think he’ll make it as a catcher.

    If Phil Hughes or Joba is also in the deal I’ll be crushed no matter what, should this be a substantiated rumbling in the first place.

  24. Upstate says:

    CHECK…now its time to press Damon. If they can’t agree on the years/money then give Cameron a call.

  25. JobaWockeeZ says:

    More evidence that a Halladay trade won’t happen.

  26. Mike bk says:

    Anyone complaining about 11.75 mil for 1 yr to Andy just realize the Brewers just gave basically 30 mil to Randy Wolf for 3 years.

  27. Good deal to keep Andy. Still will be clutch in the playoffs.

  28. Mike HC says:

    How can they add Halladay if they are serious about the 190-200 million payroll? Why would the Blue Jays take them seriously if that were actually true? Something has to give. And ten million is not much to figure out LF, DH and more pitching. Those spots would have to be below the radar, bargain hunting type guys, which I guess could work with the guys we already have.

  29. larryf says:

    Cash knew that by signing Andy that would make one less lefty for GrandPerson to face. :-) I wonder what CG has done against Halladay (who I don’t want)…

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