Pettitte can make an additional $6.5 million on performance bonuses and bonuses based on time on the active roster.
“There was never another team brought up,I wanted to come back to the Yankees.” Pettitte said during a conference call.
Late last year, New York had offered a deal that would have guaranteed Pettitte $10 million, down from the $16 million he earned last year. The Yankees withdrew that offer after agreeing to an eight-year, $180 million deal with first baseman Mark Teixeira.
Meanwhile,Right-hander Zack Greinke and the Kansas City Royals agreed to a four-year, $38 million contract that avoided an arbitration hearing.
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