Andy Pettitte is coming back to the New York Yankees after he and the team agreed on a new one-year contract. Pettitte will make a base salary of $5.5 million but could earn up to $12.5 million if he hits all of incentives. Pretty much if Pettitte can stay healthy for the year and make all of his starts, I’d assume he would hit almost all of those incentives.

Last season Pettitte was 14-14 with a 4.54 ERA for the Yankees. He hopes to improve on that and have a strong second half unlike in the 08 season.

Good deal for the Yankees!

It was a busty day for the New York Yankees just like most teams as upper management and players tried to work out deals before the salary arbitration deadline at noon. The Yankees signed Xavier Nady and Melky Cabrera to deals before the deadline.

Nady agreed to a one-year, $6.65 million deal, while Cabrera signed a one-year deal worth $1.4 million. Nady earned $3.59 million last season, and is likely to become a free agent after the 2009 season. He has been rumored in some recent trade talk so that could happen before the season starts. Nady at $6.65 million seems like a lot when you see that it is almost double of what he was making last season.

The Yankees will only have to goto a hearing with one player as they were unable to strike a deal with Brian Bruney who was asking for $1.55 million and the Yankees were offering him $1.1 million.

Yankees Blog