Yankees ink Pettitte for another year

New York Yankees' Andy Pettitte waves to spectators

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New York Yankees' Andy Pettitte waves to spectators before Game 1 of the World Series against the Philadelphia Phillies. (Credit: AP Photo)

The Yankees announced that they have reached a deal with Andy Pettitte to bring the left-hander back for another year in pinstripes.

The two sides reached an agreement on one-year contract worth $11.75 million, a source said. This is a significant raise over the $5.5 million he made in base salary in 2009.

For Pettitte, 37, it will be his fourth season back with the Yankees after a...

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