The NY Times reports that the Andy Pettitte will not retire before the 2007 season and that the Astros and Yankees are ready to make their offers on the southpaw.

The Astros would like to bring back Pettitte for a one year and $12 million. But the Yankees are prepared to offer him $15 million for one season and would consider making a two-year offer if Pettitte wanted it.

The agent Randy Hendricks did not elaborate on Pettitte's thought process. But he did confirm that Pettitte, 34, would not retire. “Andy has decided to play,” Hendricks wrote in an e-mail message.

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