Yankees’ Gerrit Cole opts out of contract, per source: How New York could prevent him from testing free agency
New York TimesNEW YORK — New York Yankees ace Gerrit Cole opted out of his nine-year, $324 million contract, a league source confirmed. The Yankees can void Cole’s opt-out by adding a 10th year and an additional $36 million to his current deal, which would restore his status as the highest-paid pitcher in baseball by total dollars after Los Angeles Dodgers starter Yoshinobu Yamamoto signed a $325 million contract last offseason. At 34 years old next season and having dealt with an elbow injury this year, there’s uncertainty about whether Cole would command a contract of that magnitude if he were to enter free agency. Should the Yankees decide to let Cole go, they could explore other options, such as Baltimore Orioles ace Corbin Burnes, who is four years younger and also available as a free agent.