Latest contract details:
Contract:1 yr(s) / $2,500,000 Signing Bonus - Average Salary $2,500,000 End Year:2012 Free Agent:2013 / Unrestricted
It's stunning news for a guy that didn't pitch at all in 2011 and said in the middle of last season that he was "absolutely loving being home." But, Jack Curry of the YES Network reports that Pettitte admitted three weeks ago that he was considering a comeback and has now decided to follow through with it. He'll earn $2.5 million and will work his way up through the minors initially before eventually likely bumping either Phil Hughes or Freddy Garcia from the rotation. We would guess that Hughes will probably be shifted to the bullpen since he has experience there, but the Yanks haven't revealed their concrete plans.
TRANSACTIONS (Contract history)
Mar 16 2012
Signed a 1 year $2.5 million contract with New York (NYY)
Feb 4 2011
Retired from Professional Baseball
Dec 9 2009
Signed a 1 year $11.75 million contract with NYY
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