The New York Yankees’ $324 million ace, Gerrit Cole, has long been the cornerstone of their rotation since his joined the franchise in 2019. Moreover, despite some recent uncertainty surrounding his contract, the franchise remains committed to keeping Cole in pinstripes for life.
Managing partner Hal Steinbrenner made this clear in a recent interview, expressing his desire for Gerrit Cole to remain a Yankee beyond his current deal, which runs through the 2028 season. However, some uncertainty around Cole’s contract perhaps suggests that the New York Yankees ace’s time in MLB is perhaps near, and the countdown is suspected to have begun.
Why Yankees Rejected Gerrit Cole’s Extension?
Amid uncertainty around Gerrit Cole’s opt-out situation, New York Yankees owner Hal Steinbrenner believes Cole’s actions speak louder than any contract clause. The ace’s decision to opt back into his deal shows his desire to continue wearing the pinstripes. “I believe he wants to be a Yankee for life,” Steinbrenner reiterated. Cole’s affinity for the Yankees is evident. From his famous childhood sign that read “Yankee Fan Today, Tomorrow, Forever” to his Cy Young-winning 2023 season, Cole has cemented his legacy as one of the franchise’s premier players. However, the 2024 season presented challenges for Cole. After a dominant 2023 in which he earned the AL Cy Young Award, he endured injuries that limited him to just 17 starts, the fewest of his career.
Despite the setbacks, Gerrit Cole still posted respectable numbers, recording a 3.41 ERA and striking out 99 batters. Meanwhile, the New York Yankees are focused on strengthening their roster this offseason, with the re-signing of superstar Juan Soto taking center stage. Even as the organization juggles priorities, the importance of keeping Cole at the heart of their pitching rotation remains clear. While some fans may worry about the Yanks’ reluctance to extend Cole’s contract, Steinbrenner’s assurances should provide comfort. The Bronx Bombers are confident that Cole’s value extends beyond a single season or contract. At 34, Cole still has plenty to offer, and his track record suggests he’ll continue to be a dominant force in the league. Whether he ultimately retires in pinstripes will depend on mutual trust and continued success, but both parties have shown they’re invested in making it happen.
Cashman Explains Why They Denied A 5th Year To Gerrit Cole
After Gerrit Cole opted out of his nine-year, $324 million contract following the 2024 season, the Yankees declined to extend his deal with a fifth year. Instead, the sides agreed to retain the original terms, ensuring Cole remains in pinstripes through 2028. General manager Brian Cashman explained that the compressed timeline created a “pressure point” that influenced their approach.
Despite the opt-out, there was never serious concern that Gerrit Cole would leave the Yankees. Brian Cashman praised Cole’s relationship with the organization, emphasizing the ace’s comfort in the Bronx. “One certain thing we can count on is New York is not too big for him. His work ethic is second to none. His prep is second to none,” Cashman noted.
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