Report: Yankees Set to Offer Andy Pettitte $12 Million Deal to Return in 2011

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How do you lure an All-Star pitcher away from the comforts of retirement? Offer him a lot of money.

According to Sports Illustrated's Jon Heyman, the Yankees are planning to offer Andy Pettitte a $12 million contract in hopes that he'll avoid retirement and pitch in 2011. The offer is a $250K upgrade from his 2010 salary with the Yanks, where he posted an 11-3 record in 21 starts.

Pettitte has yet to make a decision on whether or not he is going to retire this year, and he's taking his time with this one. The left hander has never waited later than Jan. 26 to sign a contract out of free agency.

There are MLB sources that believe Pettitte will return to the Yankees for another year, Heyman reports, since the 16-year veteran is still working out.

The Yankees are continually preparing for a season without Pettitte, though they clearly need him for their struggling rotation. General manager Cashman admitted on Tuesday that their rotation is their primary setback when stacking up against the Red Sox.

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