Cole exercises opt out but Yankees can keep him by adding 2029 salary, Rizzo option declined

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Cole exercises opt out but Yankees can keep him by adding 2029 salary, Rizzo option declined
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NEW YORK (AP) — Gerrit Cole exercised his opt out from his New York Yankees contract, giving the team two days to void the opt out by adding a $36 million salary for 2029, a person familiar with the decision told The Associated Press.

NEW YORK — Gerrit Cole exercised his opt out from his New York Yankees contract, giving the team two days to void the opt out by adding a $36 million salary for 2029, a person familiar with the decision told The Associated Press.

Cole's decision, which was expected, was conveyed by a person who spoke on condition of anonymity because it was not publicly announced. Cole would give up $144 million in the four remaining seasons of his $324 million, nine-year contract. A three-time All-Star, the 35-year-old Rizzo hit .228 with eight homers and 35 RBIs over 92 games in an injury-interrupted season.

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