NEW YORK – On Tuesday, the New York Yankees added a spark to their starting pitcher rotation via free agency, signing Gerrit Cole to a record breaking nine-year/$324 million contract.
Prior to this signing, the 2019 World Series Champion Washington Nationals had the record after extending Stephen Strasburg to a seven-year/$245 million deal just one day prior to Cole’s free agent signing.
This blockbuster contract includes an opt-out after five years, and a no-trade clause.
Cole spent the last two seasons with the Houston Astros after being traded by the Pittsburgh Pirates during the 2017 off season.
Cole is also coming off a 2019 season in which he posted a 20-5 record with a 2.50 ERA and 326 strikeouts, leading the league in strikeouts and winning an ERA title.
This upcoming season, Cole will join a team in which only one out of the five starting pitchers totaling an ERA under 4.00.
In total, Cole will be making $36 million a year in a Yankees uniform.