Gerrit Cole

New York Yankees, Starting Pitcher
Age: 34y-3m-13d (Sep 08, 1990)
Exp: 11.111 Years
Country: US
College: California-Los Angeles
Drafted: Round 1 (#1 overall), 2011
Agent(s): Scott Boras (Boras Corporation)
2025 Payroll Salary

$36,000,000

2025 Cash

$36,000,000

Career Earnings

$192,222,046

2020-2028 free-agent-xxb (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 2025, 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 15.19% $36,000,000 $157,333,333
PLAYER OPT-OUT: DECLINED 2025, 4 YR, $144,000,000 REMAINING
2025 34
Opt-Out
$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: DECLINED 2025, 4 YR, $144,000,000 REMAINING
2025 34 11.111
Opt-Out
$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 Cash Remaining AYC Cumulative AYC Remaining
2020 29 $13,333,333 $13,333,333 $13,333,333 $288,000,000 $13,333,333 $33,481,481
2021 30 $36,000,000 $36,000,000 $49,333,333 $252,000,000 $24,666,667 $36,000,000
2022 31 $36,000,000 $36,000,000 $85,333,333 $216,000,000 $28,444,444 $36,000,000
2023 32 $36,000,000 $36,000,000 $121,333,333 $180,000,000 $30,333,333 $36,000,000
2024 33 $36,000,000 $36,000,000 $157,333,333 $144,000,000 $31,466,667 $36,000,000
PLAYER OPT-OUT: DECLINED 2025, 4 YR, $144,000,000 REMAINING
2025 34
Opt-Out
$36,000,000 $36,000,000 $193,333,333 $108,000,000 $32,222,222 $36,000,000
2026 35 $36,000,000 $36,000,000 $229,333,333 $72,000,000 $32,761,905 $36,000,000
2027 36 $36,000,000 $36,000,000 $265,333,333 $36,000,000 $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-Arbitration

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-Arbitration

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
Spotrac Premium Tools
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2014-2014
Pre-Arbitration

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
Spotrac Premium Tools
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2013-2013
Pre-Arbitration

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
Spotrac Premium Tools
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Seasons

11.111 Years

Career Earnings thru 2025

$192,222,046

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
Active
$36,000,000
$192,222,046
Total      
$192,222,046
$192,222,046
2025 34
Active / early-termination-declined
$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

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
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
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 6.64
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 2.63
2016 PIT 21 21 131 57 50 36 98 7 7 10 0 116.0 3.88 1.44 1.46
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

Calculated Market Value

$35.8M Avg. Annual Salary

Market Value

  • 5 years, $178,881,770
  • Avg. Salary: $35,776,354
  • MLB Rank: 7
  • SP Rank: 5

Current Contract

  • Free Agent: 2029
  • Avg. Salary: $36,000,000
  • MLB Rank: 7
  • SP Rank: 5

Comparable Players

We've selected the following players based on their age, contract status, and statistical production to compare Gerrit Cole to.

Player Length Value Avg. Salary Age When Signed
Zack Wheeler 3 $126,000,000 $42,000,000 33
Max Scherzer 3 $130,000,000 $43,333,333 37
Jacob deGrom 5 $185,000,000 $37,000,000 34
Justin Verlander 2 $86,666,666 $43,333,333 39
Averages 3 $131,916,667 $41,416,667 35.8

Base Calculated Value

After adjusting the above contracts as if signed at Cole's current age (34), a linear regression is performed, providing us with the following initial value.

Length Value Avg. Salary
6 $250,886,076 $41,814,346

Statistical Comparisons

Now we'll compare our variables and Cole statistically over the two seasons prior to their signing. In this case we're analyzing: GS/Yr, IP, K/9, BB/9, ERA, WHIP, FIP, GP%, WAR

Player GS/Yr IP K/9 BB/9 ERA WHIP FIP GP% WAR
Zack Wheeler
2023-2024
 28.50 6.08 9.91 2.16 3.18 1.03 3.26 19.66 4.92
Max Scherzer
2020-2021
 21.00 5.87 12.07 2.44 3.10 1.12 3.22 18.92 6.65
Jacob deGrom
2021-2022
 13.00 6.01 14.27 1.10 2.08 0.65 1.68 8.02 7.82
Justin Verlander
2021-2022
 14.00 6.25 4.76 0.74 0.88 0.41 1.25 17.28 6.82
Average 19.13 6.05 10.25 1.61 2.31 0.80 2.35 15.97 6.55
Gerrit Cole
2023-2024
 22.00 6.07 9.59 2.66 3.18 1.15 3.72 15.12 6.51
Pct Change 15.00 0.33 -6.44 -65.22 -37.66 -43.75 -58.30 -5.32 -0.61
Median Prime % Change -6.44%
Average Prime % Change -22.44%

Calculated Market Value: Gerrit Cole

After applying our Prime % figures into our base calculated value, we're given two values. The average of these values becomes our current calculated market value.

Terms Avg. Salary
5 years, $178,881,770 $35,776,354

FEATURED PLAYER NEWS

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2025 MLB Offseason Contract Breakdowns

Spotrac details the largest free agent signings and contract extensions across MLB throughout the 2025 offseason. READ MORE

TRANSACTIONS

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)

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