Yankees Reportedly Land Gerrit Cole; $324 Million Over 9 Years

December 11, 2019 8:47 am

SAN DIEGO (AP) — Gerrit Cole quickly ended Stephen Strasburg’s tenure as baseball’s highest-paid pitcher. Cole agreed to a $324 million, nine-year contract with the New York Yankees on Tuesday night, a person familiar with the agreement told The Associated Press. The person spoke on condition of anonymity because the agreement had not been announced. Cole’s deal established marks for pitchers in total dollars, topping the $245 million, seven-year contract Stephen Strasburg finalized a day earlier to remain with the World Series champion Washington Nationals. Its $36 million average is a record for any player, beating the $35.5 million in outfielder Mike Trout’s $426.5 million, 12-year deal with the Los Angeles Angels that started last season. Cole gets an even $36 million annually and can opt out after the 2024 season. He also has a full no-trade provision.