New York Yankees Re-Sign Andy Pettitte

According to Joel Sherman of the New York Post, the New York Yankees have re-signed LHP Andy Pettitte to a one-year, $11.75 million contract.

The $11.75 million for one-year is a nice increase in base salary for Pettitte. If you remember, Pettitte signed an incentive laden deal last winter with a base of $5.5 million.

Pettitte re-signed with the Yankees

Pettitte earned a total of $10.5 million in 2009, so he got a slight raise in 2010.

After having a disappointing 2008 season where he went 14-14 with a 4.58 ERA and gave up a career high 10.3 hits/9 innings, Pettitte enjoyed a nice bounce back season in 2009.

Pettitte finished the year 14-8 with a 4.16 ERA and his 1.38 WHIP and 8.9 hits/9 were the lowest of his career since 2005. Of course, as usual, it was in the postseason where Pettitte earned his money.

Pettitte was his usual stellar postseason self going 4-0 with 3.22 ERA. Pettitte became the first pitcher since Derek Lowe in 2004 to win the clinching game in all three rounds.

Behind Mariano Rivera, I believe Pettitte has been the most important player in the Yankees’ postseason success. Every time the Yankees would lose Game One of a series, there would be Pettitte to pitch in Game Two to even the series.

You could take it to the bank that he would win that game.

Pettitte will be entering his 16th season in 2010. For his career Pettitte is 229-135 with a 3.91 ERA. His 229 wins are third most amongst active pitchers.

The Yankees could officially announce the acquisition of Curtis Granderson and the re-signing of Pettitte this afternoon.

You can follow The Ghost of Moonlight Graham on Twitter @ theghostofmlg

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