According to Buster Olney of ESPN, the Yankees are nearing a one-year deal with left-hander Andy Pettitte that would pay the left-hander roughly $11 million in 2013. Pettitte, 40, made 12 starts last year after sitting out the 2011 season. He went 5-4 with a 2.87 ERA along with 69 strikeouts and 21 walks in 75 1/3 innings. He also made a pair of postseason starts, going 0-1 with a 3.29 ERA while making one start in the ALDS against the Orioles and one in the ALCS against the Yankees.

According to Ken Rosenthal of Fox Sports (via twitter), New York is also close to a one-year deal with Mariano Rivera that would pay their longtime closer — who missed most of 2012 after blowing out his ACL — more than what they are paying Pettitte. Rivera pitched in just nine games in 2012 before suffering his season-ending injury, which broke a streak of nine straight years with at least 60 innings pitched and 17 consecutive seasons of 40 or more innings.

If accurate, Pettitte and Rivera would join Hiroki Kuroda as veterans with track records of success with the Yankees who have re-signed for one-year deals. That structure suits New York’s desire to avoid long-term commitments that would limit the club’s ability to get under the $189 million luxury tax threshold in 2014.