Cole forced the Yankees’ hand on Saturday by exercising the only option included in the nine-year, $324 million contract that he signed when he was a free agent in December 2019. The original contract allowed the Yankees to nullify the opt-out by adding $36 million and one year to the original pact to make it $360 million for 10 years.

Gerrit Cole gave up his opt-out right and will remain with the New York Yankees under a contract that runs through 2028 rather than become a free agent

Gerrit Cole will remain with the New York Yankees on his current deal, but discussions will continue on a contract extension.