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As first reported by ESPN's Jerry Crasnick, the Yankees signed AJ Burnett to a five year, $82.5 million contract. Color us baffled. Making a five year commetment to a 32 year old pitcher who has made 30+ starts two twice in his career (once in a contract year) is an overextension. We would have been happier with the lesser of two evils; giving a four year deal to the older, yet much more predictable Derek Lowe. As of this moment on December 15th, the Yankees rotation looks like this:

1 - Sabathia
2 - Wang
3 - Chamberlain
4 - Burnett
5 - Aceves/Hughes/Kennedy/Ponson/Kameneicki/Militello

It looks as though the Yankees are convinced that Andy Pettitte will accept the $10 million offer that they have put before him, but as we have found out in the past nothing is a lock.

Source: http://sports.espn.go.com/mlb/news/story?id=3765754