From Bryan Hoch:Andy Pettitte has said that he feels like his left arm still has plenty of important innings to offer. The Yankees are counting on it.
Pettitte and the Yankees officially agreed to a one-year contract on Wednesday, representing the second major move of New York's offseason following last week's re-signing of right-handed starter Hiroki Kuroda.
The 40-year-old Pettitte will earn a base salary of $12 million for his services, plus potential awards bonuses. In order to make room on the 40-man roster, the Yankees designated catcher Eli Whiteside for assignment. It's also being reported that the Yankees are close to agreeing on a one-year deal with Mariano Rivera. With the signings of Kuroda, Pettitte and hopefully Rivera, the Yankees pitching staff is looking pretty strong.