The Yankees second winningest left-hander will receive $12MM guaranteed plus incentives. I'm surprised the Yankees were willing to give him that much up front considering Pettitte's 2012 salary was $2.5MM and he missed much of the season with a broken leg. Then again he proved he could still pitch and the Yankees clearly wanted him back.
Mariano Rivera should not be far behind with a contract similar to that of Pettitte's. Pettitte's deal sews up the Yankees rotation for the coming season, though the number five spot could be a competition between Ivan Nova, David Phelps, and others.
Click here and you can read more on the Yankees interest in Shane Victorino, Mike Napoli, and Ichiro Suzuki.