Sources: Yanks, Burnett Reach 5-Year, $82.5M Deal

CC and A.J.?

The Yankees are getting both.

Free-agent right-hander A.J. Burnett has reached a preliminary agreement with the Yankees on a five-year, $82.5 million contract, according to major-league sources, joining lefty CC Sabathia in the team's revamped rotation.

The deal is pending Burnett's physical.

Sabathia agreed to a seven-year, $161 million contract earlier this week, making the combined total of the Yankees' two latest pitching investments $243.5 million. Sabathia, however, has the right to cancel his deal after three years.

The Braves were the other team making a strong run at Burnett, but evidently could not match the Yankees' offer.

The best news for Yankees fans? Burnett is 5-0 with a 2.56 ERA in eight career starts against the Red Sox.

The signing of Burnett means that the Yankees will drop their pursuit of right-hander Derek Lowe, who could end up with Boston.

Meanwhile, the Yankees have given lefty Andy Pettitte a take-it-or leave-it one-year, $10 million offer to remain with the club, according to the New York Post. If Pettitte declines, the Yankees likely will pursue a pitcher at a comparable price on the open market. They have had discussions with righty Ben Sheets.

This article originally published on FOXSports.com.

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