Andy Pettitte Rejects New York Yankees' Offer

The New York Times is reporting that Andy Pettitte rejected the one year, $10 million offer to pitch in pinstripes again next year in the new Yankee Stadium. Pettitte made $16 million last year, so the pay cut would be substantial, and apparently too substantial for Pettitte and his agents. Pettitte had originally indicated that he would pitch for the Yankees or retire, but he wanted to return. The Yankees are in a position where they'd like to have him, but now after their free agent signings, don't really need him. I'm betting this deal gets done eventually.