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Yankees close to adding Cole

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By Anthony Caruso III | Publisher

The New York Yankees are not done spending this offseason. They are close to acquiring Pittsburgh Pirates pitcher Gerrit Cole.

The Pirates will receive prospects in the deal.

Pittsburgh Pirates pitcher Gerrit Cole pitching (Getty Images)

Pittsburgh Pirates pitcher Gerrit Cole pitching (Getty Images)

Cole would be the latest addition to the squad, who lost in the American League Championship Series. The team also pulled off a blockbuster deal to acquire Giancarlo Stanton in a trade with the Miami Marlins earlier this month.

The 27-year-old was initially drafted by the Yankees in the first-round of the 2008 MLB Draft. However, after not signing with the team and electing to join the UCLA Bruins baseball team, he was the first overall pick in the 2011 MLB Draft by the Pirates.

He made his debut with the Pirates on June 11th, 2013. This season, the right-handed starter went 12-12 with a 4.26 ERA in 203 innings.

After three straight seasons with single-digit losses, he has gone 19-22 in the past two seasons. In five career seasons, he has a 59-42 record with a 3.50 ERA in 782 1/3 innings.

He made $3.75 million this season and will be arbitration eligible 2 in 2018. For the third time, he will be arbitration eligible in 2019, before becoming a free agent in 2010.

According to Baseball Reference, he is projected to go 11-10 with a 3.95 ERA with 173 innings.

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