Gerrit Cole

New York Yankees, Starting Pitcher
Age: 35y-6m-7d (Sep 08, 1990)
Exp: 12.111 Years
Country: US
College: California-Los Angeles
Drafted: Round 1 (#1 overall), 2011
Agent(s): Scott Boras (Boras Corporation)
2026 Payroll Salary

$36,000,000

2026 Cash

$36,000,000

Career Earnings

$228,222,046

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 2026, 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
YOS @ Signing:
6.111
Year Age YOS Status PayrollAnnual Luxury Tax Tax % League Tax Cash Annual Cash Cumulative
2020 29 6.111 $13,333,333 $36,000,000 17.31% $13,333,333 $13,333,333
2021 30 7.111 $36,000,000 $36,000,000 17.14% $36,000,000 $49,333,333
2022 31 8.111 $36,000,000 $36,000,000 15.65% $36,000,000 $85,333,333
2023 32 9.111 $36,000,000 $36,000,000 15.45% $36,000,000 $121,333,333
2024 33 10.111 $36,000,000 $36,000,000 15.19% $36,000,000 $157,333,333
2025 34 11.111
Opt-Out
$36,000,000 $36,000,000 - $36,000,000 $193,333,333
2026 35 12.111 $36,000,000 $36,000,000 14.75% $36,000,000 $229,333,333
2027 36 12.111 $36,000,000 $36,000,000 14.57% $36,000,000 $265,333,333
2028 37 12.111 $36,000,000 $36,000,000 14.40% $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
2025 34 11.111
Opt-Out
$36,000,000 - - $36,000,000 $36,000,000
2026 35 12.111 $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 Cash Remaining AYC Cumulative AYC Remaining
2020 29 $13,333,333 $13,333,333 $13,333,333 $301,333,333 $13,333,333 $33,481,481
2021 30 $36,000,000 $36,000,000 $49,333,333 $288,000,000 $24,666,667 $36,000,000
2022 31 $36,000,000 $36,000,000 $85,333,333 $252,000,000 $28,444,444 $36,000,000
2023 32 $36,000,000 $36,000,000 $121,333,333 $216,000,000 $30,333,333 $36,000,000
2024 33 $36,000,000 $36,000,000 $157,333,333 $180,000,000 $31,466,667 $36,000,000
2025 34
Opt-Out
$36,000,000 $36,000,000 $193,333,333 $144,000,000 $32,222,222 $36,000,000
2026 35 $36,000,000 $36,000,000 $229,333,333 $108,000,000 $32,761,905 $36,000,000
2027 36 $36,000,000 $36,000,000 $265,333,333 $72,000,000 $33,166,667 $36,000,000
2028 37 $36,000,000 $36,000,000 $301,333,333 $36,000,000 $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

Contract Terms:
1 yr(s) / $13,500,000
Average Salary:
$13,500,000
Signing Bonus:
N/A
YOS @ Signing:
5.111
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2018-2018 Arbitration

Contract Terms:
1 yr(s) / $6,750,000
Average Salary:
$6,750,000
Signing Bonus:
N/A
YOS @ Signing:
4.111
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2017-2017 Arbitration

Contract Terms:
1 yr(s) / $3,750,000
Average Salary:
$3,750,000
Signing Bonus:
N/A
YOS @ Signing:
3.111
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2016-2016 Pre-Arbitration

Contract Terms:
1 yr(s) / $548,000
Average Salary:
$548,000
Signing Bonus:
N/A
YOS @ Signing:
1.111
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2015-2015 Pre-Arbitration

Contract Terms:
1 yr(s) / $531,000
Average Salary:
$531,000
Signing Bonus:
N/A
YOS @ Signing:
0.111
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2014-2014 Pre-Arbitration

Contract Terms:
1 yr(s) / $512,500
Average Salary:
$512,500
Signing Bonus:
N/A
YOS @ Signing:
0.111
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2013-2013 Pre-Arbitration

Contract Terms:
1 yr(s) / $490,000
Average Salary:
$490,000
Signing Bonus:
N/A
YOS @ Signing:
0
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2011-2011 Signing Bonus

Contract Terms:
1 yr(s) / $9,000,000
Average Salary:
$9,000,000
Signing Bonus:
N/A
YOS @ Signing:
0
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Seasons

12.111 Years

Career Earnings thru 2026

$228,222,046

Earnings w/ Different Teams

3 teams

Earnings Per Year

Year Age Team(s) Service Status Cash Total Cash Cumulative Awards
2011 20
-
Signing Bonus
$9,000,000
$9,000,000
2013 22
0
Active
$297,213
$9,297,213
2014 23
0.111
Active
$512,500
$9,809,713
2015 24
1.111
Active
$531,000
$10,340,713
2016 25
2.111
Injured
$548,000
$10,888,713
2017 26
3.111
Active / Arb Avoided
$3,750,000
$14,638,713
2018 27
4.111
Active / Arb Avoided
$6,750,000
$21,388,713
2019 28
5.111
Active / Arb Settled (P)
$13,500,000
$34,888,713
 All MLB (1st)
2020 29
6.111
Active
$13,333,333
$48,222,046
 All MLB (2nd)
2021 30
7.111
Active
$36,000,000
$84,222,046
 All MLB (1st)
2022 31
8.111
Active
$36,000,000
$120,222,046
2023 32
9.111
Active
$36,000,000
$156,222,046
 AL Cy Young All MLB (1st)
2024 33
10.111
Active
$36,000,000
$192,222,046
2025 34
11.111
Injured / early-termination-declined
$36,000,000
$228,222,046
Total      
$228,222,046
$228,222,046
2026 35
12.111
Active
$36,000,000
2027 36
12.111
Active
$36,000,000
2028 37
12.111
Active
$36,000,000
Total
$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
6 $193,333,333 - - $193,333,333
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
2025
34
$36,000,000
$36,000,000
$228,222,046
Total
$219,222,046
$9,000,000
$228,222,046
$228,222,046
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
6 $193,333,333 - - $193,333,333

Injuries

Year Dates Reason
2025 NYY Mar 27, 2025 - Sep 28, 2025 Elbow (Tommy John)
2024 NYY Mar 28, 2024 - Jun 19, 2024 Elbow
2021 NYY Aug 03, 2021 - Aug 16, 2021 COVID-19
2016 PIT Sep 13, 2016 - Oct 02, 2016 Elbow
2016 PIT Aug 25, 2016 - Sep 12, 2016 Elbow
2016 PIT Jun 11, 2016 - Jul 16, 2016 Arm
  • Nov 04, 2024 Declined Early Termination Option with New York (NYY), remaining on a 4 year, $144 million contract
  • 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)
  • 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 17 17 78 38 36 29 99 11 8 5 0 95.0 3.41 1.13 1.99
2023 NYY 33 33 157 64 61 48 222 20 15 4 0 209.0 2.63 0.98 7.40
2022 NYY 33 33 154 81 78 50 257 33 13 8 0 200.7 3.50 1.02 2.57
2021 NYY 30 30 151 69 65 41 243 24 16 8 0 181.3 3.23 1.06 5.71
2020 NYY 12 11 53 27 23 17 94 14 7 3 0 73.0 2.84 0.96 2.18
2019 HOU 34 33 142 66 59 48 326 29 20 5 0 212.3 2.50 0.90 6.65
2018 HOU 32 32 143 68 64 64 276 19 15 5 0 200.3 2.88 1.03 5.19
2017 PIT 34 33 199 98 96 55 196 31 12 12 0 203.0 4.26 1.25 2.62
2016 PIT 21 21 131 57 50 36 98 7 7 10 0 116.0 3.88 1.44 1.48
2015 PIT 33 32 183 71 60 44 202 11 19 8 0 208.0 2.60 1.09 4.34
2014 PIT 23 22 127 58 56 40 138 11 11 5 0 138.0 3.65 1.21 1.19
2013 PIT 19 19 109 43 42 28 100 7 10 7 0 117.3 3.22 1.17 1.41
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