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Yankees sign Gerrit Cole, designate Chance Adams for assignment

It was a move 11 years in the making, but late on Tuesday night, the Yankees caught their white whale. According to Jon Heyman, the Bombers agreed to a nine-year, $324 million deal with the right-hander. Joel Sherman says the Yankees gave him a full no-trade clause, while Jeff Passan notes there’s an opt-out clause after year five.

Cole, 29, received the largest contract for a pitcher in MLB history. Stephen Strasburg previously held the record with a seven-year, $245 million deal signed...on Monday. He is just the fourth player in history to receive a deal north of $300 million.