Ageless left-hander Andy Pettitte has agreed to a one-year, $12 million contract with the New York Yankees.
Reports indicated Tuesday that the two sides were close to a deal, and Newsday confirmed the agreement Wednesday with the 40-year-old left-hander.
Pettitte, whose contract was $2.5 million in 2012, posted a 5-4 record with a 2.87 ERA despite missing nearly three months of the season with a broken left ankle. He also made two postseason starts.
The Yankees are still trying to re-sign catcher Russell Martin and could be looking for outfield help if Nick Swisher leaves for another offer.