Gerrit Cole officially joined the New York Yankees on Wednesday when he signed a nine-year contract that could keep him with the organization through the 2028 season.
Per MLB Network's Jon Heyman, Cole will earn $324 million if he finishes the deal. His contract includes an opt out after the 2024 season.
Yankees general manager Brian Cashman told reporters the offer Cole accepted was the second one made by the team: "It was our best offer that was coming...there wasn't going to be any more negotiations after that.