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  • Can the Yankees void Cole's contract after 2024?

    After that, though, the future of his nine-year, $324 million contract is another story. “Cole’s contract includes an opt out after the 2024 season, and the Yankees can void that opt out by picking up a one-year club option worth $36 million,” Mike Axisa explained for CBS Sports.

  • What was Cole's biggest contract?

    Last season was the fourth season on Cole's then-record nine-year, $324 million contract. That was the largest contract ever given to a pitcher at the time and Cole held the record until this offseason, when the Los Angeles Dodgers handed Yoshinobu Yamamoto a $325 million contract.

  • What if Cole doesn't opt out of his contract?

    But there are some other possibilities. If Cole chooses not to opt out of his contract, he would become an unrestricted free agent after the 2028 season, when he turns 38 years old. It’s possible there is more money to be made on the open market at that point than the extra $36 million he would get from the Yankees for 2029.

  • How much money will Cole make if he opts out?

    Cole made $14.6 million in five seasons with the Pirates and another $20.25 million in two seasons with the Astros. So if he plays out his new contract with the Yankees, his career earnings will grow to north of $336 million — even more if he opts out after the 2024 season and New York counters with the one-year extension.

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