AP Source: Pettitte, Yankees agree at $11.75M

BY foxsports • December 9, 2009

Andy Pettitte is staying with the New York Yankees, agreeing to an $11.75 million, one-year contract. The deal Wednesday represents a raise for the 37-year-old left-hander, who made $10.5 million last season and helped the Yankees win their 27th World Series title. His agreement was confirmed by two people familiar with the talks who spoke on condition of anonymity because no announcement had been made. Pettitte became the first pitcher to start and win the clincher in all three postseason rounds. After beating Minnesota and the Los Angeles Angels in the AL playoffs, he defeated the Philadelphia Phillies on three days' rest in the sixth and final game of the World Series, earning his fifth championship ring. Pettitte was 14-8 with a 4.16 ERA in 32 regular-season starts, and 4-0 with a 3.52 ERA in five postseason starts. His 18 postseason victories are a major league record. He had a $5.5 million base salary last season and earned $3 million in bonuses based on innings and $2 million for staying on the active roster the entire season. He missed $750,000 bonuses for 200 and 210 innings, finishing with 194 2-3. New York originally offered him $10 million last December but cut the guaranteed amount after it agreed to big-money contracts with CC Sabathia, A.J. Burnett and Mark Teixeira. The move was the third of the winter meetings for the Yankees. They reached a preliminary agreement to acquire center fielder Curtis Granderson from Detroit as part of a three-team, seven-deal deal sending right-hander Ian Kennedy to Arizona, and lefty reliever Phil Coke and outfield prospect Austin Jackson to Detroit. New York also dealt reliever Brian Bruney to Washington for a player to be named - the first pick in Thursday's winter meeting draft.

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