Report: Yankees approved to give Gerrit Cole record contract
Gerrit Cole and his agent Scott Boras appear to have entered an absolute dream scenario.
Cole had a monster 2019 season for the Houston Astros, just as he was set to become a free agent. The Los Angeles Angels are in desperate need of pitching help, have money to spend, and Cole is a hometown kid. The New York Yankees also have a desire to sign Cole and have made him their top priority in free agency.
ESPN’s Jeff Passan even reported on Thursday that the Yankees have received ownership approval to give Cole a record contract.
The current record for a pitcher was the 7-year, $217 million deal David Price got from the Red Sox. A bidding war between the Angels and Yankees is expected to drive up the price for Cole beyond $250 million.
Cole turned 29 in September and went 20-5 with a 2.50 ERA and 326 strikeouts last season.