Gerrit Cole

New York Yankees, Starting Pitcher
Age: 33-290d (Sep 08, 1990)
Exp: 10.111 Years
Country: US
College: California-Los Angeles
Drafted: Round 1 (#1 overall), 2011
Agent(s): Scott Boras (Boras Corporation)
2024 Payroll Salary

$36,000,000

2024 Cash

$36,000,000

Career Earnings

$192,222,046

2020-2028 Free Agent (CURRENT)

Gerrit Cole signed a 9 year , $324,000,000 contract with the New York Yankees, including $324,000,000 guaranteed, and an average annual salary of $36,000,000. In 2024, Cole will earn a base salary of $36,000,000, while carrying a total salary of $36,000,000.
Contract Terms:
9 yr(s) / $324,000,000
Average Salary:
$36,000,000
Signing Bonus:
N/A
Free Agent:
2029 / UFA
Year Age Status PayrollAnnual Luxury Tax Tax % League Tax Cash Annual Cash Cumulative
2020 29 $13,333,333 $36,000,000 17.31% $13,333,333 $13,333,333
2021 30 $36,000,000 $36,000,000 17.14% $36,000,000 $49,333,333
2022 31 $36,000,000 $36,000,000 15.65% $36,000,000 $85,333,333
2023 32 $36,000,000 $36,000,000 15.45% $36,000,000 $121,333,333
2024 33
$36,000,000 $36,000,000 - $36,000,000 $157,333,333
PLAYER OPT-OUT: AVAILABLE 2025, 4 YR, $144,000,000 REMAINING
2025 34
ETO
$36,000,000 $36,000,000 14.94% $36,000,000 $193,333,333
2026 35 $36,000,000 $36,000,000 14.75% $36,000,000 $229,333,333
2027 36 $36,000,000 $36,000,000 - $36,000,000 $265,333,333
2028 37 $36,000,000 $36,000,000 - $36,000,000 $301,333,333
2029 38
UFA
Year Age Service Status Base Salary Incentives Likely Incentives Unlikely Payroll Salary Luxury Tax
2020 29 6.111 $36,000,000 - - $13,333,333 $36,000,000
2021 30 7.111 $36,000,000 - - $36,000,000 $36,000,000
2022 31 8.111 $36,000,000 - - $36,000,000 $36,000,000
2023 32 9.111 $36,000,000 - - $36,000,000 $36,000,000
2024 33 10.111
$36,000,000 - - $36,000,000 $36,000,000
PLAYER OPT-OUT: AVAILABLE 2025, 4 YR, $144,000,000 REMAINING
2025 34 -
ETO
$36,000,000 - - $36,000,000 $36,000,000
2026 35 - $36,000,000 - - $36,000,000 $36,000,000
2027 36 - $36,000,000 - - $36,000,000 $36,000,000
2028 37 - $36,000,000 - - $36,000,000 $36,000,000
2029 38 --
UFA
Year Age Status Base Salary Cash Total Cash Cumulative AYC Cumulative AYC Remaining
2020 29 $13,333,333 $13,333,333 $13,333,333 $13,333,333 $33,481,481
2021 30 $36,000,000 $36,000,000 $49,333,333 $24,666,667 $36,000,000
2022 31 $36,000,000 $36,000,000 $85,333,333 $28,444,444 $36,000,000
2023 32 $36,000,000 $36,000,000 $121,333,333 $30,333,333 $36,000,000
2024 33
$36,000,000 $36,000,000 $157,333,333 $31,466,667 $36,000,000
2025 34
ETO
$36,000,000 $36,000,000 $193,333,333 $32,222,222 $36,000,000
2026 35 $36,000,000 $36,000,000 $229,333,333 $32,761,905 $36,000,000
2027 36 $36,000,000 $36,000,000 $265,333,333 $33,166,667 $36,000,000
2028 37 $36,000,000 $36,000,000 $301,333,333 $33,481,481 $36,000,000
Contract Notes
  • Full No Trade Clause
  • Player Opt-out available after 2024
    • If exercised, team can void opt-out decision by adding 10th year (2029) at $36M.
Source: MLB contract specifics generally collected from verified reports.

2019-2019 Arbitration

Gerrit Cole signed a 1 year , $13,500,000 contract with the Houston Astros, including $13,500,000 guaranteed, and an average annual salary of $13,500,000.
Contract Terms:
1 yr(s) / $13,500,000
Average Salary:
$13,500,000
Signing Bonus:
N/A
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2018-2018 Arbitration

Gerrit Cole signed a 1 year , $6,750,000 contract with the Pittsburgh Pirates, including $6,750,000 guaranteed, and an average annual salary of $6,750,000.
Contract Terms:
1 yr(s) / $6,750,000
Average Salary:
$6,750,000
Signing Bonus:
N/A
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2017-2017 Arbitration

Gerrit Cole signed a 1 year , $3,750,000 contract with the Pittsburgh Pirates, including $3,750,000 guaranteed, and an average annual salary of $3,750,000.
Contract Terms:
1 yr(s) / $3,750,000
Average Salary:
$3,750,000
Signing Bonus:
N/A
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2016-2016 Pre-Arb

Gerrit Cole signed a 1 year , $548,000 contract with the Pittsburgh Pirates, including $548,000 guaranteed, and an average annual salary of $548,000.
Contract Terms:
1 yr(s) / $548,000
Average Salary:
$548,000
Signing Bonus:
N/A
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2015-2015 Pre-Arb

Gerrit Cole signed a 1 year , $531,000 contract with the Pittsburgh Pirates, including $531,000 guaranteed, and an average annual salary of $531,000.
Contract Terms:
1 yr(s) / $531,000
Average Salary:
$531,000
Signing Bonus:
N/A
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2014-2014 Pre-Arb

Gerrit Cole signed a 1 year , $512,500 contract with the Pittsburgh Pirates, including $512,500 guaranteed, and an average annual salary of $512,500.
Contract Terms:
1 yr(s) / $512,500
Average Salary:
$512,500
Signing Bonus:
N/A
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2013-2013 Pre-Arb

Gerrit Cole signed a 1 year , $490,000 contract with the Pittsburgh Pirates, including $490,000 guaranteed, and an average annual salary of $490,000.
Contract Terms:
1 yr(s) / $490,000
Average Salary:
$490,000
Signing Bonus:
N/A
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2011-2011 Signing Bonus

Gerrit Cole signed a 1 year , $9,000,000 contract with the Pittsburgh Pirates, including $9,000,000 guaranteed, and an average annual salary of $9,000,000.
Contract Terms:
1 yr(s) / $9,000,000
Average Salary:
$9,000,000
Signing Bonus:
N/A
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Career Earnings thru 2024

$192,222,046

Career Earnings w/ Different Teams

3 teams

Earnings Per Year

Year Age Team(s) Status Cash Total Cash Cumulative Awards
2011 20
Signing Bonus
$9,000,000
$9,000,000
2013 22
Active
$297,213
$9,297,213
2014 23
Active
$512,500
$9,809,713
2015 24
Active
$531,000
$10,340,713
2016 25
Injured
$548,000
$10,888,713
2017 26
Active / Arb Avoided
$3,750,000
$14,638,713
2018 27
Active / Arb Avoided
$6,750,000
$21,388,713
2019 28
Active / arbitration-settlement
$13,500,000
$34,888,713
All MLB (1st)
2020 29
Active
$13,333,333
$48,222,046
All MLB (2nd)
2021 30
Active
$36,000,000
$84,222,046
All MLB (1st)
2022 31
Active
$36,000,000
$120,222,046
2023 32
Active
$36,000,000
$156,222,046
AL Cy Young All MLB (1st)
2024 33
Injured
$36,000,000
$192,222,046
Total      
$192,222,046
$192,222,046
2025 34
Active / early-termination
$36,000,000
2026 35
Active
$36,000,000
2027 36
Active
$36,000,000
2028 37
Active
$36,000,000
Total
$336,222,046
Year Team(s) Age Base Signing Incentives Cash Total Cash Cumulative
2011
20
$9,000,000
$9,000,000
$9,000,000
2013
22
$297,213
$297,213
$9,297,213
2014
23
$512,500
$512,500
$9,809,713
2015
24
$531,000
$531,000
$10,340,713
2016
25
$548,000
$548,000
$10,888,713
2017
26
$3,750,000
$3,750,000
$14,638,713
2018
27
$6,750,000
$6,750,000
$21,388,713
2019
28
$13,500,000
$13,500,000
$34,888,713
2020
29
$13,333,333
$13,333,333
$48,222,046
2021
30
$36,000,000
$36,000,000
$84,222,046
2022
31
$36,000,000
$36,000,000
$120,222,046
2023
32
$36,000,000
$36,000,000
$156,222,046
2024
33
$36,000,000
$36,000,000
$192,222,046
Total
$183,222,046
$9,000,000
$192,222,046
$192,222,046
2025
34
$36,000,000
$36,000,000
2026
35
$36,000,000
$36,000,000
2027
36
$36,000,000
$36,000,000
2028
37
$36,000,000
$36,000,000
Total
$327,222,046
$9,000,000
$336,222,046

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
6 $5,638,713 $9,000,000 - $14,638,713
2 $20,250,000 - - $20,250,000
5 $157,333,333 - - $157,333,333

Injuries

Year Dates Reason
2016 PIT Jun 11, 2016 - Jul 16, 2016 Arm
2016 PIT Aug 25, 2016 - Sep 12, 2016 Elbow
2016 PIT Sep 13, 2016 - Oct 02, 2016 Elbow
2021 NYY Aug 03, 2021 - Aug 16, 2021 COVID-19
2024 NYY Mar 28, 2024 - TBD Elbow
  • Dec 11, 2019 Signed a 9 year $324 million contract with New York (NYY)
  • Nov 04, 2019 Houston (HOU) extended a $17.8 million Qualifying Offer
  • Feb 13, 2019 Signed a 1 year $13.5 million contract with Houston (HOU), settling in arbitration
  • Jan 14, 2018 Traded to Houston (HOU) from Pittsburgh (PIT) for Joe Musgrove, Michael Feliz, Colin Moran and Jason Martin
  • Jan 12, 2018 Signed a 1 year $6.75 million contract with Pittsburgh (PIT), avoiding arbitration
  • Jan 13, 2017 Signed a 1 year $3.75 million contract with Pittsburgh (PIT), avoiding arbitration
  • Feb 29, 2016 Signed a 1 year $548k contract with Pittsburgh (PIT)
  • Feb 29, 2016 Signed a 1 year $541k contract with Pittsburgh (PIT)
  • Mar 04, 2015 Signed a 1 year $531,000 contract with Pittsbugh (PIT)
  • Mar 03, 2014 Signed a 1 year $512,500 contract with Pittsburgh (PIT)
  • Aug 15, 2011 Signed a contract with Pittsburgh (PIT)
  • Jun 06, 2011 Drafted by Pittsburgh (PIT): Round 1 (#1 overall)
Year Team GP GS H R ER BB K HR W L SV IP ERA WHIP WAR
2024 NYY 0 0 0 0 0 0 0 0 0 0 0 0.0 0.00 0.00
2023 NYY 33 33 157 64 61 48 222 20 15 4 0 209.0 2.63 2.07 7.48
2022 NYY 33 33 154 81 78 50 257 33 13 8 0 200.7 3.50 2.24 2.38
2021 NYY 30 30 151 69 65 41 243 24 16 8 0 181.3 3.23 2.03 5.69
2020 NYY 12 11 53 27 23 17 94 14 7 3 0 73.0 2.84 2.10 2.18
2019 HOU 34 33 142 66 59 48 326 29 20 5 0 212.3 2.50 2.03 6.64
2018 HOU 32 32 143 68 64 64 276 19 15 5 0 200.3 2.88 2.88 5.19
2017 PIT 34 33 199 98 96 55 196 31 12 12 0 203.0 4.26 0.41 2.63
2016 PIT 21 21 131 57 50 36 98 7 7 10 0 116.0 3.88 0.36 1.46
2015 PIT 33 32 183 71 60 44 202 11 19 8 0 208.0 2.60 0.53 4.34
2014 PIT 23 22 127 58 56 40 138 11 11 5 0 138.0 3.65 0.38 1.19
2013 PIT 19 19 109 43 42 28 100 7 10 7 0 117.3 3.22 0.47 1.41
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