Pete Abe is reporting that Pettitte's new deal won't include an option for 2009.
It's a minor point on a great day, but we're likely to face as big an overhaul next offseason as we did this offseason.
Pettitte, Mussina, Giambi, Abreu, Farnsworth will all come off the books. Oh yeah, Carl Pavano, too.
Update [2007-12-3 19:8:43 by jscape2000]:: More good news from Yankeeland! A press release via Brother Peter:
The New York Yankees announced today they have signed catcher Jose Molina to a two-year contract. To make room on the 40-man roster, the Yankees designated infielder Andy Phillips for assignment.
That warms my heart (if not my toes) on a blustery and bitter day. If you don't live in the Northeast, thank your lucky stars.