As expected, the Yankees have formally announced their blockbuster deal with free agent starter Gerrit Cole. Fellow right-hander Chance Adams was designated for assignment to create roster space.
A clean-shaven Cole is set to be introduced at a press conference today. The club has not confirmed the financial details of the arrangement — it’s reported to come with an eye-popping $324MM guarantee — but did announce the nine-year term of the deal and the post-2024 opt-out opportunity.
Read “Yankees Announce Gerrit Cole Signing, Designate Chance Adams” at MLB Trade Rumors
