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December
12th
2003
Out of the Frying Pan
Rotohelp
As You Like Pettitte

by Jessica Polko

While George Steinbrenner never seemed to appreciate Andy Pettitte, few believed he would part ways with the Yankees as a free agent this off-season. However, few knew how much he was interested in playing near his home. Pettitte grew up in the Houston area and now lives in a Houston suburb with his family, and in order to sign with the Astros, he chose to walk away from the monetary benefits and personal glory attached to re-signing with the Yankees.

Yesterday, the Astros signed Pettitte to a three-year, $31.5M contract. The breakdown of the deal makes it even more attractive for Houston, as he'll receive $5.5M in 2004 and $8.5M in 2005. In 2006, when the Astros commitments to other high salaried players have expired, his salary will jump to $17.5M, but he's even agreed to defer $7.5M of that money until 2008. Considering he made approximately $11.5M in 2003, Houston received a sizeable hometown discount. Pettitte does receive some financial relief by signing with the Astros, as Texas has no state income tax.

Click here to read the previous article.

I can't please all the people all of the time, but I am more than willing to read the comments of the pleased, the irate, and everyone in between. You can send your opinions to jess@rotohelp.com.
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