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Andy Pettitte close to new deal with Yankees
Andy Pettitte - S - New York Yankees
Nov. 27, 2012 - 8:45 AM ET

Buster Olney of ESPN.com was told by sources that Andy Pettitte is close to finishing off a new deal with the Yankees.

This also means that he's close to formally announcing he's coming back for another season, though most assumed he was anyway. Multiple reports suggest that the deal is expected to be in the $10-11 million range, which is a nice raise from the $2.5 million he made last season.