11/04/24 04:38:00
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11/04 16:37 CST Ace Gerrit Cole stays with New York Yankees rather than become
a free agent, working on revised deal
Ace Gerrit Cole stays with New York Yankees rather than become a free agent,
working on revised deal
By RONALD BLUM
AP Baseball Writer
SAN ANTONIO (AP) --- Gerrit Cole will remain with the New York Yankees rather
than become a free agent.
New York had until 5 p.m. EST to add a $36 million salary for 2029 to his
contract, which had four years and $144 million remaining.
The sides were still working on a revised contract, two people familiar with
the negotiations told The Associated Press. The people spoke on condition of
anonymity because no announcement was made.
Cole's $324 million, nine-year deal, agreed to before the 2020 season, gave him
the right to opt out following the 2024 World Series but said the Yankees could
void the opt out by adding the additional year.
A 34-year-old right-hander, Cole won the 2023 AL Cy Young Award. His 2024
season didn't start until June 19 because of nerve irritation and edema in his
right elbow. The six-time All-Star went 8-5 with a 3.41 ERA in 17 starts, then
was 1-0 with a 2.17 ERA in five postseason starts.
New York's decision gives the Yankees six potential rotation returnees, a group
that includes Carlos Rodn, Clarke Schmidt, Luis Gil, Nestor Cortes and Marcus
Stroman.
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AP MLB: https://apnews.com/hub/mlb
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