Andy Pettitte has declined his option for 2008. But that doesn’t mean he’s retiring.
Here’s what his agent, Randy Hendricks, said in an e-mail I received earlier tonight:
“I have spoken with Brian Cashman, who has reiterated what Hank Steinbrenner said about the Yankees wanting to give Andy all the time he needs to decide about next season. Accordingly, we are declining to exercise the option for 2008 and Andy will declare free agency in order to free up a roster spot for the Yankees.
“If Andy decides to play, I am confident we can reach an agreement with the Yankees within 24 hours. The only options, as Andy has stated, are the Yankees or retirement. He appreciates the Yankees’ willingness to give him the time he feels he needs. I do not expect him to make a decision for quite some time.”
Quite some time is not good for the Yankees, who need to be able to settle their rotation for next season. Losing Pettitte would be a huge blow.