Pettitte signs 1-year, $ 16 million contract with Yankees

[CincyRedsFan30]

ESPN's Buster Olney is reporting that Andy Pettitte will return to the Yankees on a one-year contract with an option for 2008.

The Houston Chronicle says it's a $16 million contract with a player option for 2008. The Astros seemed to know this was coming when they attempted to trade for Jon Garland. Hopefully, they at least improved their one-year, $12 million offer, an especially preposterous figure given that Garland is due $22 million over two years. The Yankees aren't exactly getting an ace here -- in his final six seasons in New York, the only year in which he had an ERA under 3.99 was one in which he was limited to 22 starts -- but Pettitte is a better bet than Ted Lilly and Gil Meche, even before accounting for the fact that he didn't require a long-term commitment. The club may now seek to dump as much of Carl Pavano's contract as possible. Also, it seems quite likely that Scott Proctor will remain in the pen.

[missionhockey21]

At 16 mil on a one year deal, for the market, it's a great signing for the Yankees. And lucky for all of us NL Central fans that the Astros didn't offer arbitration to Pettitte so they now miss out on compensation for his signing.

[Dry1313]

Yes...

I love the no arbitration, and the deal.

WELCOME BACK ANDY!

[GiantsFanatic]

Nice, they must be expecting him to win 30+ games, an ERA under 1, and 300+ Ks.

[General]

Yeah, because Bonds is worth more than Pettitte.


You Giant fans are Giant tools.

[Saber]

Andy Pettitte is a traitor to the Astros.

[love_that_reefer]

Yeah, because Bonds is worth more than Pettitte.


You Giant fans are Giant tools.

And your just a cocksucker

[BoSox34]

And your just a cocksucker

That's great

[GiantsFanatic]

And your just a cocksucker

pwned.