July 23, 2021

Rosenthal: Winners and losers in the Gerrit Cole deal (The Athletic)

Well, the big winner of the Gerrit Cole sweepstakes is obvious.

It’s Gerrit Cole!

His nine-year, $324 million contract with the Yankees is the largest for a pitcher in major-league history, beating Stephen Strasburg’s two-day-old mark by $79 million and David Price’s previous record by $107 million.

Cole’s average annual value of $36 million also is the largest for any player if Mike Trout’s extension with the Angels is calculated at 12 years, $426.5 million, and tied with Trout if considering only the 10 years and $360 million of new money in Trout’s deal.

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The Cole contract is straight cash, with no deferred money. It includes a full no-trade clause. And it even gives Cole an opt-out after five years, though he would be walking away from approximately $145 million guaranteed if he voided the final four years, according to a source.

Cole deserved the big score — he was the perfect free-agent pitcher, hitting…

Read “Rosenthal: Winners and losers in the Gerrit Cole deal” at The Athletic