$16m is the going rate

While we were in the US at the weekend, Andy Pettitte signed for the Yankees for $16m, and Barry Bonds extended his contract with the San Francisco Giants for another year, presumably in a bid to pass Hank Aaron’s milestone of 755 career home runs, also for $16m. He needs 22 allegedly-drug-fuelled homers next season to take the record.

Pettitte, previously with the Astros, marks seven straight off-seasons in which the Yankees have bought big, last season’s signing being the scrubbed-up Johnny Damon from Boston.

It seems $16m is the magic number.

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