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Gerrit Cole remains with Yankees in revised deal
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Gerrit Cole remains with Yankees in revised deal

SAN ANTONIO — Gerrit Cole will stay with the Yankees rather than become a free agent.

New York had until 5 p.m. Monday to add a $36 million salary for 2029 to his contract, which had four years and $144 million remaining.

The sides were still working on a revised contract, two people familiar with the negotiations told The Associated Press. The people spoke on condition of anonymity because no announcement had been made.

Cole’s nine-year, $324 million deal, agreed to before the 2020 season, gave him the right to opt out after the 2024 World Series, but said the Yankees could void that option by adding an additional year.

A 34-year-old right-hander, Cole won the 2023 AL Cy Young Award. His 2024 season did not begin until June 19 due to nerve irritation and swelling in the right elbow. The six-time All-Star went 8-5 with a 3.41 ERA in 17 starts, then went 1-0 with a 2.17 ERA in five postseason starts.

New York’s move gives the Yankees six potential rotation returnees, a group that includes Carlos Rodón, Clarke Schmidt, Luis Gil, Nestor Cortes and Marcus Stroman.