Ken Rosenthal states that a source with "knowledge of the pitcher's intentions" has described Pettitte's return to the Bronx in 2009 as "virtually inevitable." Rosenthal also points out that a deal is not imminent, however.

I'm not sure that this is really news here. There aren't too many, if any, teams willing to give Pettitte the $10 million the Yankees have reportedly offered. And after shelling out over $200 million for Sabathia and Burnett, I doubt the Yankees would prefer handing out a multi-year deal to another pitcher over one year for Pettitte, especially with the offense still in need of some tweaking.