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MLB Rumors: Gerrit Cole to Stay With Yankees on 4-Year, $144M Contract After Opt-Out

Robert Gauthier/Los Angeles Times via Getty Images

New York Yankees pitcher Gerrit Cole is set to spend the next four seasons in the Bronx after the two sides agreed to stay together on Monday.

Despite previously opting out of his contract, Cole will remain with the team under the terms of the original contract, which had four years and $144 million remaining, according to Jon Heyman of the New York Post and Jeff Passan of ESPN:

Under the terms of the contract, the Yankees could have voided the opt-out by adding another year and $36 million to Cole's deal, keeping him on the team through 2029 on a contract now worth $180 million.