Update: 4:20 pm:
The Yankees have announced the signing of free-agent Andy Pettitte to a one-year deal.
According to the Associated Press, the deal will pay Pettitte $5.5 million, though he can earn up to $12 million in incentives.
Original Post:
Earlier today, Jon Heyman of SI.com said the Yankees and free-agent LHP Andy Pettitte were in serious talks [...]

Yesterday, in Newsday, David Lennon says the Mets have recently begun showing interest in free-agent RHP Ben Sheets.
In the Boston Globe, Nick Cafardo says, “Don’t be shocked if the Phillies have interest in Sheets as well,” as they continue to try to find an inexpensive, front-end starting pitcher.
By the way, Lennon adds, the Mets are [...]

Yesterday, the New York Times said free-agent LHP Andy Pettitte rejected Brian Cashman’s one-year, $10 million offer, as the pitcher continues to seek a $16 million deal.
However, the Yankees are still open to negotiating with Pettitte, according to FoxSports.com and the Daily News.
Actually, Joel Sherman of the New York Post believes the Yankees are more likely [...]

Ken Rosenthal from FoxSports.com believes that Derek Lowe is not Omar Minaya’s only top choice, adding, “Oliver Perez is left-handed, eight years younger than Lowe and accustomed to pitching in New York.  He also got married in mid-December, a sign of his growing maturity.”
According to Rosenthal, while the Braves, Brewers and Phillies are interested in [...]

According to the Baltimore Sun, the O’s have been in contact with Jon Garland.
The Los Angeles Times wrote yesterday that Garland is seeking a two– or three-year deal, and three teams are showing interest in him.
Yesterday, at FoxSports.com, Ken Rosenthal said Garland is on Omar Minaya’s radar, since the team does not want to spend top [...]

According to ESPN The Magazine’s Shaun Assael, Roger Clemens and Andy Pettitte will be mentioned in the Mitchell Report, which will be released to the public later this afternoon.
According to Bob Klapisch in the Bergen Record, citing ‘an industry official,’ no Mets from their current 40-man roster are named in the report
…however, i’m picking up some [...]

According to the Houston Chronicle, LHP Andy Pettitte has told the Yankees he will return to pitch for them next season.
The two-time All-Star is 201-113 with a 3.83 ERA over his 13-year career, and 18-7 with a 3.97 over 35 postseason games.
…it will be interesting to see how this impacts the Yankees quest for LHP Johan [...]

According to the Associated Press, LHP Andy Pettitte has declined his $16 million option with the Yankees, meaning he is now a free agent.
Pettitte had until Wednesday to decide on his option.
…basically, instead of locking in on having to pitch another season for the Yankees, he opted out so he could have more time to figure [...]

Yesterday, while speaking with KRIV-TV in Houston, free-agent LHP Andy Pettitte said he will most likely either pitch for the Yankees in 2008, or he will retire.
Pettitte has until November 8 to decide whether he will exercise his $16 million player option for next season.
…it’s a lot of money, but he left houston for the Yankees specifically [...]