Yanks Bringing Back Andy

(Updated 11:44 a.m.) According to Tyler Kepner the deal is done.

(Updated 10:51 a.m.) Joel Sherman says the deal is worth $11.75 million.

Jon Heyman is reporting via Twitter that the Yankees are close to re-signing Andy Pettitte to a one-year deal worth "about $12 million". A deal is expected to get done today.

The Yankees had to re-sign Pettitte and I'm glad it looks like it's getting settled quickly.