The Yankees and Andy Pettitte have agreed to a $5.5 million guaranteed deal. Andy can make an extra $6.5 million in incentives, which would push the contract to $12 million (a $2 million increase from the original $10 million offer). The Yankees have to be pleased with this outcome. While incentives can sometimes be problematic, getting Pettitte on board for a relatively cheap base salary and finalizing the ’09 rotation was obviously important, especially with spring training on the horizon.
It’ll be interesting to see how the incentives pan out.
(props to our very own, TJ)