|A sight in pinstripe since the 90's will continue in 2013.|
This contract would be more expensive than the minor league deal for $2M that he signed at the end of Spring Training in 2012.
Pettitte will be turning 41 in June for the Yankees and has 245 career victories, which is just six away from tying Bob Gibson for the 44th winningest starting pitcher in Major League Baseball history. He is currently tied for 48th with Dennis Martinez.
The left-handed pitcher will most likely be the third starter behind CC Sabathia and Kuroda. Behind him could be Phil Hughes as the fourth starter and the fifth slot could lead to a Spring Training battle between Ivan Nova and David Phelps.
By signing a one-year deal, things still look to be in good shape for the Yankees to be under the $189M payroll limit that they have set for themselves for 2014. They have yet to re-sign Ichiro and Russell Martin, which could be next on the agenda for the front office.
In 2012, Pettitte started 12 regular season games going 5-4 while striking out 69 and posting an earned run average of 2.87.
Update 11/28: Pettitte has officially inked his deal with the Yankees. He will be earning $12 million in 2013. He can also earn up to $2.5 million in awards bonuses.