Update:  Deal is 1 year for $11.75 million.

Jon Heyman of SI.com reports that starting pitcher Andy Pettitte will re-sign with the Yankees.  His 2010 deal will be in the $11-12 million range.  Pettitte pitched 194 2/3 innings and went 14-8 with a 4.16 ERA while winning a World Series with the Yankees last season.

Related posts:

1. Congratulations to the New York Yankees – World Series Champions
2. The Yankees are eyeing pitcher John Lackey
3. Alex Cora re-signs with Mets for 1 year $2 million deal
4. Freddy Sanchez signs 2 year $12 million deal with San Francisco Giants
5. Wakefield signs a 2 year $7 million contract with Red Sox