As our friend Will Carroll would say …. “powered by” the sounds of Guitar Shorty, here’s the latest news:

• Over at the Post, Joel Sherman will be keeping a careful eye on what Andy Pettitte does now that the Yanks decided not to offer him arbitration:

In his moment of need, when it was revealed Pettitte was both a liar and cheater, the Yankees stood by him last season. At that time, Pettitte was only too happy to say the Yankees were the only team he ever wanted to play for any more. He did not say he only wanted to play for the Yankees unless they offer him a paycut.The Yanks have indeed offered that cut. Pettitte made $16 million last year and, according to sources, he was offered $10 million to return in 2009. So far, Pettitte has rejected that bid while his camp has done nothing to dispel reports linking him to Joe Torre and the Dodgers.

• Over at LoHud, Pete Abe offers his non-ballot for the Hall (he doesn’t have the 10 years in the BBWAA needed to vote):

If I had a vote this year it would go to Blyleven, Henderson and Rice. … Rickey seems pretty obvious. People smarter than I have convinced me Blyleven belongs and I think Rice was the dominant hitter in the AL for a long enough period of time.

• Ken Rosenthal at FOXSports.com notes that the slumping economy even impacts the mighty Yankees, especially as shown in their not offering arbitration to Bobby Abreu.
• Bryan Hoch of MLB.com gives us a rundown of the Yankees Hot Stove activity leading up to next week’s Winter Meetings.
• At the News, Bill Egbert writes that with the demolition of the old stadium not starting till next April, a lot of neighborhood kids will be without a ballfield on which to play.
• While we are all cognizant of the declining health of George Steinbrenner, another team owner passed away Tuesday.  Ted Rogers, owner of the Blue Jays, died at age 75 (ESPN).
• Happy 48th birthday to Gene (not Jeff) Nelson.  Nelson pitched for the Bombers in his rookie season (1981), then was part of a package that brought the Yanks Shane Rawley.