Gerrit Cole Agrees to Record-Smashing Contract With New York Yankees, Reports Say

Photo by Patrick Smith/Getty Images The Yankees landed free-agent pitcher Gerrit Cole with a record-breaking deal Tuesday.

The New York Yankees saw the Washington National’s signing of Stephen Strasburg on Monday and they decided to up the ante and go all in late Tuesday.

The Yankees made a major splash at this year’s Winter Meetings, landing Gerrit Cole with a record-breaking nine-year deal worth a total of $324 million. MLB Network Insider Jon Heyman was the first to report the news just before midnight on the east coast on Tuesday night.

The deal includes an opt-out clause after five years, sources told ESPN’s Jeff Passan.

Both the total money and the average annual value of $36 million smash the record for a pitcher.

The previous record deal for a pitcher was set just a day prior when the reigning World champion Nationals agreed to a 7-year deal with Strasburg worth a total of $245 million ($35M per year).

The 29-year-old Cole is coming off a remarkable season with the Houston Astros when he went 20-5 with an MLB-leading 326 strikeouts and an American League-best ERA of 2.50. He finished runner-up in the American League Cy Young Award race, falling just behind his Astros’ teammate Justin Verlander.

Gerrit Cole reported to signs with Yankees for record-breaking $324 million deal | CBS Sports HQThe Yankees were known to be pushing hard for free-agent ace Gerrit Cole and they have landed arguably the biggest fish on the market. The Yankees agreed to terms on a record-breaking nine-year deal worth $324 million, MLB Network's Jon Heyman reported Tuesday night. SUBSCRIBE TO OUR CHANNEL: https://www.youtube.com/user/CBSSports FOLLOW US ON: Facebook – https://www.facebook.com/CBSSports/ Instagram – https://www.instagram.com/cbssports/ Twitter – https://twitter.com/CBSSports #BreakingNews #MLB #GerritCole #Yankees #NYY #Baseball2019-12-11T05:21:52.000Z

In adding one of the game’s top starting pitchers, the Yankees finally get their ace that they’ve been so desperately seeking to land for the last few seasons.

Cole will now slot into the top of a solid rotation of starters in the Bronx that include Luis Severino, Masahiro Tanaka, James Paxton, J.A. Happ and Jordan Montgomery.

The Yankees instantly put themselves at the top of the list of contenders in 2020, as they add a stud starting pitcher to a squad that hit over 300 home runs last season and features one of the league’s best bullpens.


Gerrit Cole Had Historic Winning Streak During His Contract Year

Gerrit Cole's Best Pitches of 2019 | MLB HighlightsLet's take a look back at mega free agent Gerrit Cole as he dominated for the Astros in 2019! Where do you think Cole will sign? Don't forget to subscribe! https://www.youtube.com/mlb Follow us elsewhere too: Twitter: https://twitter.com/MLB Instagram: https://www.instagram.com/mlb/ Facebook: https://www.facebook.com/mlb TikTok: https://www.tiktok.com/share/user/6569247715560456198 Visit our site for all baseball news, stats and scores! https://www.mlb.com/2019-12-09T17:47:08.000Z
Gerrit Cole cemented himself as a bonified ace during his contract season with the Houston Astros in 2019.

After beginning the season with a mediocre record of 4-5, Cole turned the switch and went on a historic winning streak, going 19-0 in his next 25 starts in the regular season and playoffs.

It was MLB’s longest winning streak in 107 years, dating back to 1912 when the New York Giants’ Rube Marquard began the season 19-0.

Cole’s stunning streak came to an end in Game 1 of the 2019 World Series, when the eventual champion Washington Nationals touched him up for five runs on 8 hits in a game the Astros would drop, 5-4.

With the series tied 2-2, Cole rebounded in a critical Game 5 to lead the Astros to a 7-1 win. In what would be his last game on the mound for the Astros, Cole threw seven stellar innings, striking out nine batters, while allowing only one run on three hits. The Nationals would go on to win the series with a come-from-behind, 6-2 win in a decisive Game 7.

Cole finished the 2019 postseason with a 4-1 record and a 1.72 ERA in 36 2/3 innings.


Gerrit Cole Grew Up a Yankees Fan and Was Drafted by the Bronx Bombers

Gerrit Cole makes the Yankees the best team in the MLB – Tim Kurkjian | Baseball TonightTim Kurkjian reacts to the news that Gerrit Cole signed a 9-year, $324 million contract with the New York Yankees. Kurkjian declares that this signing makes the Yankees the top team in the MLB. ✔ Subscribe to ESPN+ https://plus.espn.com/ ✔ Get the ESPN App: http://www.espn.com/espn/apps/espn ✔ Subscribe to ESPN on YouTube: http://es.pn/SUBSCRIBEtoYOUTUBE ✔ Subscribe to ESPN FC on YouTube: http://bit.ly/SUBSCRIBEtoESPNFC ✔ Subscribe to NBA on ESPN on YouTube: http://bit.ly/SUBSCRIBEtoNBAonESPN ✔ Watch ESPN on YouTube TV: http://es.pn/YouTubeTV Exclusive interviews with Rachel Nichols https://urlzs.com/jNURe Stephen A. Smith on ESPN https://urlzs.com/W19Tz ESPN on Social Media: ► Follow on Twitter: http://www.twitter.com/espn ► Like on Facebook: http://www.facebook.com/espn ► Follow on Instagram: http://www.instagram.com/f/espn Visit ESPN on YouTube to get up-to-the-minute sports news coverage, scores, highlights and commentary for NFL, NHL, MLB, NBA, College Football, NCAA Basketball, soccer and more. More on ESPN.com: https://www.espn.com2019-12-11T05:38:06.000Z
The newly-minted richest pitcher in the game grew up a Yankees fan and idolized Derek Jeter and Mariano Rivera, so it should be a dream come true to be donning the pinstripes for the 6’4 right-hander.

Cole has a brief history with the Yankees, as he was drafted by the organization with the 28th overall pick out of high school back in 2008. The flame-thrower opted to pitch at UCLA and then was drafted first overall by the Pittsburgh Pirates in 2011, where he went on to pitch five seasons before joining the Astros in 2018.

Cole grew up in California, so speculation swirled around him possibly ending up in Los Angeles with the Dodgers before he ultimately agreed to come to New York. MLB Network Insider Joel Sherman reported that one of Cole’s friends told the three-time All-Star, “When your primary goal is to win a championship, it doesn’t matter where you sleep.”

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