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Gerrit Cole Signs Record-Breaking Contract with Yankees

The Gerrit Cole sweepstakes ended on late Tuesday night as the former Astros star pitcher has agreed to a deal with the Yankees, according to the MLB Network's Jon Heyman.

Cole's deal is reportedly for nine years and $324 million, according to multiple reports. He became the first pitcher to earn a $300 million contract. passing the previous record set Monday when Stephen Strasburg signed for seven years and $245 million.

Over the past two seasons, Cole emerged as one of the best starters in baseball, compiling a 2.68 ERA with a 13.