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3:15 AM ET, January 27, 2009

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 Top News: 
ESPN:
Pettitte, Yankees near 1-year deal  —  The New York Yankees and Andy Pettitte are close on a deal that will bring the veteran left-hander back for a year, Major League Baseball sources told Buster Olney on Monday.  —  Pettitte  —  The deal, sources told Olney, could be done as soon as Monday afternoon.
RELATED:
Bryan Hoch / MLB.com:
Pettitte holding onto his pinstripes  —  Veteran left-hander signs incentive-laden, one-year deal  —  NEW YORK — Andy Pettitte is still a Yankee.  —  Yankees GM Brian Cashman held a conference call with Pettitte on Monday afternoon to announce that they agreed to a one-year contract …
Peter Abraham / The LoHud Yankees Blog:
Pettitte's deal is done  —  Conference call in a few minutes.  I'll post some audio as soon as I can.  —  It's a $5.5 million deal that could balloon to as much as $12 million based on innings pitched and roster time.  As I've written here for weeks, it makes complete sense and creates great flexibility in the rotation.
John Harper / NY Daily News:
Sources: Pettitte to sign 1-year deal with Yanks  —  It made too much sense all along for them not to do it, and finally the Yankees and Andy Pettitte have essentially agreed on a one-year deal that will put him in pinstripes again this season.  —  Final details are still being worked out …
Arthur Staple / Newsday:
Pettitte, Yankees agree to one-year deal  —  Andy Pettitte and the Yankees are close to a deal, according to an AP source.  (Photo by Nick Laham/Getty Images)  —  Andy Pettitte and his agent, Randy Hendricks, may have employed a curious negotiating technique with the Yankees …
Tyler Kepner / New York Times:
Pettitte Accepts Pay Cut to Return to Yankees  —  Andy Pettitte tracked the Yankees' moves this winter with a mix of excitement and confusion.  Each new star made Pettitte more eager to return.  Each splashy contract made him wonder why the Yankees insisted on cutting his salary.
Discussion: Pinstripe Alley and Bats
Ronald Blum / Associated Press:
Pettitte, Yankees agree at $5.5 million  —  NEW YORK (AP) — Andy Pettitte and the Yankees agreed Monday to a $5.5 million, one-year contract that brings the left-hander back to New York.  —  Pettitte can make an additional $6.5 million on performance bonuses and bonuses based on time on the active roster.
Bryan Hoch / MLB.com:
Pettitte holding onto his pinstripes  —  Veteran left-hander agrees to incentive-laden, one-year deal  —  NEW YORK — Andy Pettitte never needed to hear the offers that might have awaited him in free agency.  He had decided that by the time winter turned to spring, he would have somehow wound up back with the Yankees.
Discussion: Sox and Pinstripes
Peter Abraham / The LoHud Yankees Blog:
Audio from Pettitte and Cashman
Discussion: Heartland Pinstripes and iYankees
Cjennings / Scranton/Wilkes-Barre Yankees Blog:
Minor league impact of Pettitte's major league contract
John Harper / NY Daily News:
Pettitte signs one-year deal with Yanks
Discussion: Major League Baseball
Sports Illustrated:
Revealing excerpt from Joe Torre's new book … So, do you want me to manage?  —  Joe Torre began the meeting with that simple question.  He was sitting in the Legends Field office of George Steinbrenner.  There was a time, as recently as only 24 months earlier, when Torre could look …
RELATED:
Dejan Kovacevic / PBC Blog:
Pirates claim pitcher Virgil Vasquez  —  The Pirates today claimed starter Virgil Vasquez off waivers from the San Diego Padres, adding him to the 40-man roster.  —  Vasquez, a 26-year-old right-hander, went 12-12 with a 4.81 ERA for the Detroit Tigers' Class AAA affiliate.
RELATED:
Dejan Kovacevic / Pittsburgh Post-Gazette:
Pirates add Fogg-like pitcher Vasquez  —  Hearing dates set for McLouth, Maholm; payroll near $50 million  —  If there is a familiar feel to the statistics of Virgil Vasquez, the pitcher the Pirates claimed off waivers yesterday from the Detroit Tigers, there probably is a reason …
Discussion: MLB Rumors, Bucs Dugout and PBC Blog
Jose De Jesus Ortiz / Houston Chronicle:
Astros sign Rodriguez, Geary to one-year deals  —  Club avoids arbitration with pair of pitchers  —  Meeting their deadline to work out deals before having to hunker down for arbitration hearings, the Astros signed starting lefthander Wandy Rodriguez and reliever Geoff Geary to one-year contracts.
Discussion: Bottom9 Baseball
RELATED:
Troy Renck / All Things Rockies:
Astros avoid arbitration with Wandy Rodriguez
Discussion: MLB.com, Yahoo! Sports and MLB Rumors
ESPN.com:
Royals, Greinke agree to four-year, $38M deal  —  KANSAS CITY, Mo. — Right-hander Zack Greinke and the Kansas City Royals agreed Monday to a $38 million, four-year contract that avoided a salary arbitration hearing next month.  —  Greinke went 13-10 with a 3.47 ERA in 32 starts for Kansas City last season …
RELATED:
Adam McCalvy / MLB.com:
Brewers re-sign infielder Counsell  —  Veteran passes physical and finalizes one-year contract  —  MILWAUKEE — Craig Counsell will be back for a fourth season with his hometown team.  —  The veteran infielder passed a physical exam on Monday and finalized a one-year, $1 million contract to return to the Brewers.
Discussion: MLB Rumors
RELATED:
Associated Press:
Counsell gets 1-year, $1M deal from Brewers
Discussion: Associated Press
Troy Renck / All Things Rockies:
Atkins' hearing date a secret; Fogg still possible addition  —  The Rockies feel like Garrett Atkins' asked for too much in arbitration with his $7.95 million request.  Colorado countered with a $6.65 million.  —  “Either way, it's going to be a lot of money and I will be happy,” Atkins admitted.
RELATED:
Jack Etkin / Rocky Mountain News:
Atkins looks forward to 2009 with Rockies
Aaron Gleeman / KING-TV:
Draft Strategy: Park Factoring  —  One of the common misconceptions when it comes to “park factors” is that the quality of a team's lineup and pitching staff drives the number.  For instance, whenever I write that Michael Young is overrated in part because his offensive stats have been padded …
Barry M. Bloom / MLB.com:
Peavy deal could follow Cubs sale  —  Friars ace may be on move once Chicago changes ownership  —  A previously discussed trade of All-Star right-handed pitcher Jake Peavy from the Padres to the Cubs is expected to be revived once the sale of the Chicago club is finalized later this spring, sources close to the situation told MLB.com.
Discussion: MLB Rumors and Wrigleyville23
Maury Brown / The Biz of Baseball:
Will Ryan Howard Win His Arbitration Case?  —  There's little denying that Ryan Howard has been a league-leader since being called up from the minors.  NL Rookie-of-the Year in 2005, NL MVP and All-Star in 2006, 5th in NL MVP voting in 2007, and 2nd in NL MVP voting last year, he's racked up a collection of awards.
Discussion: Phillies
 
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Peter Abraham / The LoHud Yankees Blog:
The details on Pettitte's deal
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