UPDATE: Pettitte deal confirmed at $11.75 million

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UPDATE:  The deal is now confirmed at $11.75M

Heyman tweets that the Yankees are about to sign Andy Pettitte to a one-year, $12 million deal (UPDATE: Joel Sherman says it’s actually $11.75m — we’ll see who’s right later).  The deal will be finalized today.  $12 million is about what he got last year once all of the incentives came due. Pettitte had previously rejected a $10 million offer.

Pettitte was 14-8 with a 4.16 ERA in 2009.  He went 4-0 in five postseason starts, with the
final win coming in Game 6 of the World Series. It has been widely reported that if the Yankees didn’t sign him this winter he was going to retire.

As for the deal itself: he was given a low base salary last year — $5.5 million.  In a lot of ways it seems like a $12 million, no-or-low incentives deal is something of a reward for him taking some risks last season.

The Yankees kicked ass in the playoffs. They are continuing to kick ass in the winter meetings.  It’s their world, and we’re all just living in it.

Minor League Baseball eclipses 40 million in attendance for 14th consecutive season

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Minor League Baseball announced on Wednesday that, for the 14th consecutive season, the league has eclipsed 40 million in total attendance. 20 teams set single-game attendance records and seven teams set franchise records for single-game attendance in their current parks.

ESPN’s Keith Law, who has been covering the minor leagues for quite a while, did the math:

Minor League Baseball president and CEO Pat O’Conner, whose most prominent stint in the public eye involved him disingenuously justifying the underpaying of his players, said, “Minor League Baseball continues to be the best entertainment value in sports, and these numbers support that. For us to top 40 million fans for the 14th consecutive season despite the weather challenges our teams faced in April and May is a testament to the continued support of our loyal fan bases and the creative promotions and hard work done by all of our teams across the country.”

Major and Minor League Baseball are quite happy to make money hand over fist on the backs of their players, but are too cheap to pay them adequately for their labor.