April 17, 2021

Yankees Announce Gerrit Cole Signing, Designate Chance Adams (MLB Trade Rumors)


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