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Sport Report: Gerrit Cole has seven-year, $245 million offer from Yankees

21:55  08 december  2019
21:55  08 december  2019 Source:   nbcsports.com

Signs suggest Yankees intend to make big push for Astros’ Gerrit Cole

  Signs suggest Yankees intend to make big push for Astros’ Gerrit Cole Gerrit Cole went through a lot to wear the pinstripes eighteen years ago. Then an 11-year old fan at the 2001 World Series in Phoenix wearing a replica jersey, Cole remembered how Diamondbacks fans threw peanuts and hurled insults at him that day. Now, the Yankees have to find a way to get Cole to want to wear the pinstripes again. Hal Steinbrenner gave Yankees fans hope on that topic this week. In an online tease for an interview with the YES Network, Steinbrenner said that “all options are open as far as I’m concerned,” when asked about aggressively going after top-line free agents like Cole and Stephen Strasburg.

Bob Klapisch of The New York Times reports that free agent starter Gerrit Cole has a seven-year, $245 million contract offer on the table from the Yankees. As Klapisch also notes, the deal would set a record for total value and average annual value for a pitcher, besting Zack Greinke‘s $34.4 million AAV and David Price‘s $217 million total.

a close up of a man throwing a baseball© Rob Tringali/MLB Photos via Getty Images

While it is possible that Cole signs before the end of the Winter Meetings on Thursday, clients of Scott Boras have tended to sign later in the offseason, so this may be a protracted process with today’s report as a jumping-off point. Both the Yankees’ and Angels’ front offices have received clearance from ownership to break the bank to sign Cole.

Yankees have no Gerrit Cole backup plan with Zack Wheeler off the market

  Yankees have no Gerrit Cole backup plan with Zack Wheeler off the market The Yankees are operating without their safety net now. Heading into next week’s MLB Winter Meetings and after an initial sitdown with right-hander Gerrit Cole, the Yankees lost their top fallback option Wednesday when Zack Wheeler agreed to a surprising deal with the Phillies. © Provided by New York Daily NewsWheeler, who spent parts of five seasons with the Mets, agreed to a five-year deal worth $118 million with Philadelphia Wednesday afternoon, according to a source familiar with the deal.

Cole, 29, could not have timed having a career year any better. During the regular season, he led all of baseball with 326 strikeouts and led the National League with a 2.50 ERA while also posting a 20-5 record and walking only 48 batters across 212 1/3 innings. He performed brilliantly in the playoffs as well, holding the opposition to seven runs on 21 hits and 11 walks with 47 strikeouts over 36 2/3 innings of work as the Astros narrowly missed out on winning another championship.

Cole is entering his age-29 season, so a deal of at least seven years would take him well into his mid-30’s. Teams, especially lately, have been hesitant to commit to pitchers, but as the Nationals showed with Max Scherzer and Patrick Corbin, sometimes it leads to a championship.

For what it’s worth, Bob Nightengale of USA TODAY Sports says the Yankees haven’t made a formal offer to Cole yet, though the club plans to make one this week. During this time of year, both sides — front office personnel and player agents — leak details to the press to help establish leverage. What we can generally take from this is that the Yankees are hot for Cole and he’s going to get a record-setting contract from some team, even if it’s not the Yankees.

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Report: Yankees can veto Cole's opt-out by adding 1 year, $36M to deal .
A previously unreported wrinkle in Gerrit Cole's contract with the New York Yankees could make the right-hander even richer. The nine-year, $324-million pact includes a player opt-out following the 2024 season, by which time Cole will have banked $180 million. Instead of completing the contract's remaining four-year, $144-million obligation, Cole can decide to test free agency. However, the Yankees can actually veto Cole's opt-out by adding anThe nine-year, $324-million pact includes a player opt-out following the 2024 season, by which time Cole will have banked $180 million. Instead of completing the contract's remaining four-year, $144-million obligation, Cole can decide to test free agency.

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