Yankees give Cole mammoth deal

By Anthony Caruso III | Publisher

The New York Yankees now have their man. The one person they desperately wanted in free agency.

The Yankees beat out the Los Angeles Angeles to sign free agent pitcher Gerrit Cole. He received a nine-year deal at the 2019 MLB Winter Meetings in San Diego, Calif.

Former Houston Astros pitcher Gerrit Cole pitches against the Tampa Bay Rays in Game 2 of the 2019 ALDS
Gerrit Cole pitches against the Tampa Bay Rays in Game 2 of the 2019 ALDS (Getty Images)

Cole has also re-established the new market for pitchers in free agency. He signed a $324 million contract.

His contract comes less than two days after the Washington Nationals re-signed pitcher Stephen Strasburg. He received a $245 million deal on Monday.

According to Spotrac, this is the fourth-highest contract in MLB history in terms of money. It is also the longest deal ever given to a pitcher in terms of years.

He will make an average of $36 million per season. He also has a full no-Trade clause.

There are no deferrals in this deal. Plus, he can opt-out of his deal following the 2025 season. 

The 29-year-old joins his third MLB team with this move. He spent two seasons with the Houston Astros and his first five seasons with the Pittsburgh Pirates.

During the 2019 season, he went a career-best 20-5 with a 2.50 ERA in 33 starts. He also allowed 66 runs (59 earned runs), including 29 home runs on 142 hits over 212 1/3 innings.

He also struck out a career-best 326 batters and walked 48.

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