Gerrit Cole signs record breaking $324 million deal with Yankees

The New York Yankees have secured their ace.

According to multiple reports, the former Astros right-hander Gerrit Cole has agreed to a nine-year, $324 million deal with the Yankees that should keep him in pinstripes for a long time.

The deal was first reported by MLB Network's Jon Heyman.

The deal comes with an annual average of $36 million, a new high mark for starting pitchers in the majors.

The previous record had been set by Stephen Strasburg just a day before, with his seven-year, $245 million contract with the Washington Nationals paying him $35 million on average.

After Strasburg's deal, many experts assumed that Cole was set to sign a deal worth north of $300 million, and just one day later, he's made it a reality.

The deal will make Cole the first pitcher and just the fifth baseball player to sign for more than $300 million, joining Mike Trout, Bryce Harper, Giancarlo Stanton, and Manny Machado.

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Source: Business Insider

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