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Yankees agree with Gerrit Cole on nine-year, $324 million deal

The Yankees have landed the biggest name on this year’s free agency market, and added a proven ace to their pitching staff.

SNY’s Andy Martino has confirmed the Yankees have agreed to a nine-year, $324 million deal with right-hander Gerrit Cole, which immediately increases their odds to win their first World Series since 2009. The deal was first reported by MLB Network’s Jon Heyman.

ESPN’s Jeff Passan has reported that Cole has an opt-out after the fifth year of his deal, while Joel Sherman of the New York Post has reported that Cole received a no-trade clause.

Cole’s market was heating up after Stephen Strasburg signed a seven-year $245 million deal to return to the Nationals on the first day of Winter Meetings. Martino had reported earlier Tuesday that the Yankees were looking to get the Cole deal done immediately, and that’s exactly what happened.

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