ESPN’s Jeff Passan says the expectation is that the Yankees will void Gerrit Cole’s opt out by adding an extra year to his contract.
They’re facing a Sunday deadline to make the call. The Athletic’s Jim Bowden also has a Yankees source indicating that the team will likely retain Cole. The Yankees would be paying $180 million for Cole’s next five seasons through age 38. It’d be an easy call if not for the 34-year-old’s elbow injury last season. As is, it’s pretty risky. Still, Cole was the AL Cy Young winner in 2023, and his stuff looked plenty good in the playoffs last month.