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businessinsider - 1 month ago

Gerrit Cole signs record breaking 9-year, $324 million deal with New York Yankees

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. The deal was first reported by MLB Network s Jon Heyman. Breaking: Gerrit Cole to Yankees. 9 years. 36M per. 324M total. — Jon Heyman (@JonHeyman) December 11, 2019 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: NFL POWER RANKINGS: Where every team stands heading into Week 15 MLB released jerseys with a Nike swoosh for next season, and baseball fans are freaking out The tape the Patriots shot at the Bengals game reportedly includes 8 minutes of the Bengals sideline, including play signals Sony s smash-hit baseball game is headed to Xbox and Nintendo Switch after more than 2 decades as a PlayStation exclusiveJoin the conversation about this story NOW WATCH: 5 things about the NFL that football fans may not know

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