Gerrit Cole caused some panic among New York Yankees fans after initially opting out of his contract after the World Series. However, it was recently revealed that Cole will remain with the Yankees. Although New York may have the upper-hand in potential contract extension talks, MLB insider Ken Rosenthal made it clear that the Yankees need to proceed with caution since Cole's agent, Scott Boras, also represents free agent superstar Juan Soto.
“They want another one of Scott Boras' clients, his name is Juan Soto,” Rosenthal said while speaking on Foul Territory. “And they're not going to offend Boras, offend Cole to the point where you're saying ‘kick rocks.' But they obviously made it clear as well that they weren't willing to do $36 million at age 38 for him. That's not an unreasonable position.”
Soto is expected to be the most popular free agent this offseason. He is a superstar at only 26 years old. The Yankees will have plenty of competition in their expected pursuit of Soto.
As for Cole, he had opted out of his deal seemingly in hopes of the Yankees adding another year onto his contract. In the end, though, he ended up remaining with the team. An extension remains a possibility, but nothing is certain at the moment.
Cole is a tremendous pitcher but he is 34 years old. As a result, the Yankees may be hesitant to give him an especially lucrative contract extension. With that being said, he is still one of the best pitchers in the sport.
It appears that Gerrit Cole is remaining in New York, but the Yankees have work to do this offseason nonetheless. Re-signing Juan Soto is of the utmost importance. The Yankees want to return to the World Series in 2025, but doing so without Soto will be a daunting challenge.
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