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.

José Abreu undergoes lower abdominal surgery, expected out two weeks

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White Sox first baseman José Abreu underwent lower abdominal surgery on Tuesday, Daryl Van Schouwen of the Chicago Sun-Times reports. It was an outpatient procedure that is expected to keep him away from baseball activity for two weeks.

Abreu, 31, was held out of Tuesday’s lineup, his first day off in more than two months. This season, Abreu has hit a productive .272/.331/.491 with 22 home runs and 78 RBI in 526 plate appearances.

The White Sox will likely play Matt Davidson at first base and put Daniel Palka at DH while Abreu is out.