It looks like Pettitte has rejected the Yankees 1 year $10 million offer that has been sitting on the table for some time now. According to the report, he still wants to pitch for the Yankees, but the money just isn't right. The Yankees could use Pettitte however, and given his post season performances, it may be very wise to sign him. Would he take a 1 year $12 million contract? Probably not, but at least the Yankees tried in that scenario. The report speculates that Pettitte may be wondering why the Yankees are trying to scale back his deal while spending a combined $243.4 million on Sabathia and Burnett. The Yankees are likely wondering why a pitcher who struggled mightily last season, and was largely ineffective would be shocked to be offered a paycut. The report also speculates that Pettitte could consider retirement, but its just speculation.
I know that Pettitte wants to hold out for more money, and that its his right to do so as a free agent, but at some point this needs to be worked out. The New York Times quotes Pettitte from last season as saying:
“Obviously anyone else would say, ‘I’ll go wherever I want to,’ because people want to try to get the most money, but, I mean, I’m not going anywhere, you know what I’m saying? The Yankees know me enough, it’s not like I’m going to hold out. I guess if I had spent all my money or whatever, it might be different. But it’s not about that, really, anymore.”