Shortly after failing to cover first base in Game 5 of the World Series against the Dodgers, Cole opted out of what was remaining of the nine-year, $324 million deal he signed in December 2019. Cole presented the Yankees with the option to add a year to the deal worth $36 million or he would become a free agent.

TAMPA, Fla. — Gerrit Cole says he always intended to remain with the New York Yankees. The 34-year-old right-hander exercised his right to opt out of his contract on the third day after the World Series, giving up $144 million over four years and starting a two-day window for the team to void the opt by adding a $36 million salary for 2029.

Yankees ace Gerrit Cole has already hit it off with new teammate Max Fried, who will join him atop starting rotation for years to come.

Max Fried and Gerrit Cole are two very different pitchers on the mound but alike in their talent and drive to succeed.

While Cole praised his fellow Boras Corp. client, he also spoke highly of the Yankees' offseason moves following Soto's departure.

Gerrit Cole, ace of the New York Yankees, shares his reaction to Juan Soto's record-breaking MLB contract with the New York Mets, offering insight on the impact of the historic deal.

Gerrit Cole had a shaky start to Spring Training after giving up a powerful home run to a Venezuelan Yankees prospect.