Gerrit Cole signs record breaking 9-year, $324 million deal with New York Yankees
Geoff Burke-USA TODAY Sports
- Gerrit Cole is reportedly set to sign a deal a nine-year, $324 million deal with the New York Yankees.
- The deal gives him the highest annual salary for pitcher in MLB history, breaking the mark Stephen Strasburg set just a day before.
- When the ink is dry, Cole will be the first pitcher and just the fifth player in MLB history to sign a deal worth more than $300 million.
- Visit Business Insider's homepage for more stories.
The New York Yankees have secured their ace.According to multiple reports, former Astros right-hander Gerrit Cole has agreed to a nine-year, $324 million deal with the Yankees that should keep him in pinstripes for a long time.Advertisement
The deal was first reported by MLB Network's Jon Heyman.
The deal comes with an annual average of $36 million, setting a new high mark for starting pitchers in the majors.The previous record had been set by Stephen Strasburg just a day before, with his seven-year, $245 million contract with the Washington Nationals paying him $35 million on average.
After Strasburg's deal, many experts assumed that Cole was set to sign a deal worth north of $300 million, and just one day later, he's made it a reality.Cole becomes first pitcher and just the fifth player in all of baseball to sign for more than $300 million, joining Mike Trout, Bryce Harper, Giancarlo Stanton, and Manny Machado.
- Read more:
Sony's smash-hit baseball game is headed to Xbox and Nintendo Switch after more than 2 decades as a PlayStation exclusiveAdvertisement
Breaking: Gerrit Cole to Yankees. 9 years. 36M per. 324M total.- Jon Heyman (@JonHeyman) December 11, 2019
- Google hits back at Paytm — reiterates that ‘repeated policy violations’ will lead to stricter actions
- Ericsson's latest 5G bet - acquires enterprise connectivity provider Cradlepoint for $1.1 billion
- Chingari short-video app gains more than 30 million downloads in 3 months
- Spotify and Nucleya take a dig on in-app ads in its latest ad
- HSBC shares plunge to lowest since 1995, StanChart falls after 'FinCEN' leak