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.

Brewers designate Boone Logan for assignment, recall Freddy Peralta

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The Brewers announced on Tuesday that reliever Boone Logan has been designated for assignment and starter Freddy Peralta has been recalled from Triple-A Colorado Springs. Peralta will start on Tuesday evening against the Pirates, opposite Jameson Taillon at PNC Park.

Logan, 33, has struggled this season, serving up seven runs on 15 hits and 10 walks with 14 strikeouts in 10 2/3 innings. The lefty inked a one-year, $2.5 million contract with the Brewers in January, but he missed the first six weeks of the season with a triceps injury.

Peralta, 22, made his major league debut last month, making a stellar start against the Rockies at Coors Field. He struck out 13 batters over 5 2/3 scoreless innings. He made another, less successful start against the Twins before heading back to the minors. With Colorado Springs, Peralta owns a 2.75 ERA with 84 strikeouts and 27 walks over 59 innings.