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Report: Gerrit Cole opts out of New York Yankees contract
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Report: Gerrit Cole opts out of New York Yankees contract

New York Yankees starting pitcher Gerrit Cole has opted out of the remaining four years of his contract, according to multiple reports.

The Yankees can undo Cole’s opt-out by adding an extra year worth $36 million to the end of the deal to prevent him from becoming an unrestricted free agent.

Cole, 34, is entering the sixth year of a nine-year, $324 million contract he signed with the Yankees before the 2020 season.

The 6-foot-4 right-hander went 8-5 last season with a 3.41 ERA. Cole appeared in five playoff games where he went 1-0 with a 2.17 ERA and 22 strikeouts.

The Newport Beach, Calif., native won the American League Cy Young Award last year after going 15-4 and winning his second AL title ERA with 2.63.

He is a six-time All-Star and once won an ERA title as a member of the team Houston Astros in 2019.

Drafted first overall by the Pittsburgh Pirates As of 2011, Cole has a career record of 153-80 with a 3.18 ERA over 317 games split between the Pirates, Astros and Yankees.