AP source: Yanks land ace Cole on record $324M, 9-year deal
ABS-CBN Sports on Dec 11, 2019 01:21 PM
FILE - In this Oct. 27, 2019, file photo, Houston Astros starting pitcher Gerrit Cole throws against the Washington Nationals during the first inning of Game 5 of the baseball World Series in Washington. Gerrit Cole, the top pitcher on the free-agent market, was to meet with New York Yankees officials in California on Tuesday, Dec. 3, 2019. General manager Brian Cashman, manager Aaron Boone and new Yankees pitching coach Matt Blake made the trip to speak with the 29-year-old right-hander, a person familiar with the planning said. The person spoke to The Associated Press on condition of anonymity because the meeting was not announced.(AP Photo/Patrick Semansky, File)
By Ronald Blum, Associated Press
SAN DIEGO (AP) — Gerrit Cole and the New York Yankees have agreed to a record $324 million, nine-year deal, a person familiar with the contract told The Associated Press on Tuesday night.
The person spoke on condition of anonymity because the agreement had not been announced.
Cole, the biggest prize of the free agent market, surpassed the $245 million, seven-year contract Stephen Strasburg finalized with the Washington Nationals on Monday for most total money for a pitcher and for his $36 million average annual value. Agent Scott Boras negotiated both deals.
Cole was drafted by the Yankees in the first round out of high school but chose to go to UCLA, then was drafted by Pittsburgh. Traded after the 2017 season, he transformed his career in two seasons with the Houston Astros.
He went 20-5 with a 2.50 ERA last season as the Astros reached the World Series, finishing second to teammate Justin Verlander in AL Cy Young Award balloting.