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In this July, 31, 2008 photo, New York Yankees pitcher Andy Pettitte awaits a new ball after giving up a three-run home run to Los Angeles Angels' Juan Rivera during the third inning of a MLB baseball game at Yankee Stadium in New York. Pettitte and the Yankees have agreed to a one-year contract that brings the left-hander back to New York. A person familiar with the negotiations said the agreement would be announced Monday, Jan. 26, 2009. The person spoke on condition of anonymity to The Associated Press because the sides agreed not to make public statements before the announcement. (AP Photo/Julie Jacobson)

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Pettitte, Yankees Agree at $5.5 MIllion

Updated: Monday, 26 Jan 2009, 4:44 PM EST
Published : Monday, 26 Jan 2009, 2:18 PM EST

    By RONALD BLUM AP Baseball Writer

    NEW YORK - Andy Pettitte and the Yankees agreed Monday to a $5.5 million, one-year contract that brings the left-hander back to New York.

    Pettitte can make an additional $6.5 million on performance bonuses and bonuses based on time on the active roster. Late last year, New York had offered a deal that would have guaranteed Pettitte $10 million, down from the $16 million he earned last year.

    He joins a starting rotation that already includes CC Sabathia, A.J. Burnett, Chien-Ming Wang and Joba Chamberlain. The deal raised the Yankees' projected opening-day payroll to $196.8 million for 17 players with agreements.

    Pettitte pitched for the Yankees from 1995-2003, helping them win four World Series titles, then spent three seasons with his hometown Houston Astros. He returned to the Yankees in 2007 and was 14-14 with a 4.54 ERA last season, his highest ERA since 1999.

    Pitching with a sore shoulder, he was 2-7 with a 6.23 ERA in his final 11 starts and missed his last turn of the season.

    ------

    AP Baseball Writer Ben Walker and AP freelance writer Mark Didtler contributed to this report.

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