Official: Pettitte’s One-Year Deal To Return To Yankees Finalized

Pettitte To Receive Hefty Raise In 2013
(credit: Elsa/Getty Images)

(credit: Elsa/Getty Images)

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NEW YORK (CBSNewYork) - The Yankees announced on Wednesday afternoon they’ve have finalized a one-year deal worth $12 million with veteran starter Andy Pettitte.

According to the Daily News, Pettitte may also earn an additional $2.5 million in bonuses in 2013.

It’s a big raise for Pettitte, who earned a base contract of $2.5 million in 2012 after deciding to come out of retirement.

The news will delight Yankees fans who enjoyed Pettitte’s unexpected return to the Bronx last season.

Pettitte battled injuries including a broken ankle in 2012 and finished the regular season with a 5-4 record and ERA of 2.87.  The 40-year-old made 12 regular season starts and pitched in 2 playoffs starts before the Yankees were eliminated by the Detroit Tigers in the ALCS.

Having seen Hiroki Kuroda re-sign earlier this off-season, the Yankees’ 2013 starting rotation will closely resemble last year’s rotation.

In addition, legendary closer Mariano Rivera is expected to complete a deal with the Yankees in the near future.  General Manager Brian Cashman is also hoping to re-sign outfielder Ichiro Suzuki and catcher Russell Martin.

Yankees fans — How glad are you to see Pettitte back for another year?