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Jason Giambi retires, Yankees will honor Andy Pettitte, Jorge Posada and Bernie Williams and more MLB news

Giambi is calling it quits after an impressive 20-year career, while the Yankees are set to retire three more numbers this summer.

Mark J. Rebilas-USA TODAY Sports

Jason Giambi announced his retirement from professional baseball Monday, issuing a statement via the New York Daily News.

Giambi enjoyed a 20-year career in MLB, playing through the age of 43 as a part-time bench player for the Indians. The left-handed slugger debuted in 1995 with the Athletics and emerged as a star, then moved on to the Yankees, famously signing a seven-year, $120 million deal to wear pinstripes. After a brief cameo back in Oakland, he went to the Rockies before playing his final two seasons in Cleveland.

He hit 440 home runs throughout his career, batting .277/.399/.516 in nearly 9,000 plate appearances. During his prime, Giambi was one of baseball's most feared sluggers, winning the AL MVP award in 2000 and averaging 39 home runs and 122 RBI per season from 1999-2003. He made five All-Star teams and won two Silver Slugger awards.

Yanks to honor Pettitte, Posada and Williams

The Yankees will retire three new numbers, with Andy Pettitte (No. 46), Jorge Posada (No. 20) and Bernie Williams (No. 51) set to be honored, the team announced Monday.

All three players helped the Yankees to four World Series titles in five years from 1996 to 2000. They will add to what is already a large group of players who have had their numbers retired by the Yankees. The trio will also be honored with plaques in Monument Park.

In addition, the Yankees plan to honor former player and coach Willie Randolph with a plaque in Monument Park.

Richards throws first bullpen session since surgery

On Monday, Angels right-hander Garrett Richards threw his first bullpen session since undergoing surgery last August.

Pitching coach Mike Butcher told Jeff Fletcher of the Orange County Register via text that Richards "looked good, felt good" after throwing 20 pitches from the stretch. Richards tore the patellar tendon in his left knee while pitching last August.

The 2014 season was a breakout campaign for the 26-year-old. Richards posted a 2.61 ERA and 2.60 FIP in 26 starts, while striking out 164 batters and walking 51. The Angels expect Richards to be healthy by April, though he might miss the first few weeks of the season.

Yankees sign Burton to minor league deal

The Yankees and right-hander Jared Burton agreed to terms on a minor league deal Monday that includes an invite to big league spring training, the team announced.

Burton spent the past three seasons with the Twins and finished 2014 with a 4.36 ERA and 4.23 FIP in 68 relief appearances. Minnesota declined a $3.6 million option on Burton in December, making the 33-year-old a free agent.