Gerrit Alan Cole is an American professional baseball player in Major League Baseball. He plays the position of a pitcher and is currently playing with the New York Yankees. Cole was born on 8 September 1990.
Following his 2013 MLB debut, he was recognized in September 2013 as the National League (NL) Rookie of the Month. During the 2017–18 offseason, the Pirates traded Cole to the Astros. In big league history, Cole became the 18th pitcher to strike out at least 300 batters in a season on September 18, 2019. The Yankees signed Cole to a nine-year, 4 million contract on December 16, 2019, which set a franchise record and made him the most-paid pitcher in big league history.
The pitcher was the first overall selection in the 2011 MLB draft, he was chosen by the Pittsburgh Pirates. He played in the minor leagues with the team till 2013 before finally making his MLB debut in the same year. Cole is a six-time All-Star and was two-time MLB strikeout leader.
Gerrit Cole’s Contract Breakdown
| Year | Base Salary | Signing Bonus | Cap Hit | Dead Cap | Yearly Cash |
| 2011 | - | $8,000,000 | $9,000,000 | - | $9,000,000 |
| 2013 | $297,213 | - | $297,213 | - | $297,213 |
| 2014 | $512,500 | - | $512,500 | - | $512,500 |
| 2015 | $531,000 | - | $531,000 | - | $531,000 |
| 2016 | $548,000 | - | $548,000 | - | $548,000 |
| 2017 | $3,750,000 | - | $3,750,000 | - | $3,750,000 |
| 2018 | $6,750,000 | - | $6,750,000 | - | $6,750,000 |
| 2019 | $13,500,000 | - | $13,500,000 | - | $13,500,000 |
| 2020 | $36,000,000 | - | $36,000,000 | - | $13,333,333 |
| 2021 | $36,000,000 | - | $36,000,000 | - | $36,000,000 |
| 2022 | $36,000,000 | - | $36,000,000 | - | $36,000,000 |
| 2023 | $36,000,000 | - | $36,000,000 | - | $36,000,000 |
How much is Gerrit Cole getting paid?
Gerrit Cole is currently signed by the New York Yankees. The team signed him in 2020 for a whopping $324 million for the duration of nine years. The deal has an average annual value of $36 million.
The pitcher signed his first contract in 2011 with the Pittsburgh Pirates, the contract had a signing bonus of $8 million which is the highest paid signing bonus paid to a rookie. In 2013 he was moved to Major Leagues from the Minor Leagues and by 2017, he was being paid approximately $3.7 million.
In 2024, Cole will earn a base salary of $36,000,000, while carrying a total salary of $36,000,000.
How much does Gerrit Cole make in a minute?
As per the contract with the New York Yankees, Cole’s average annual value is $ 36,000,000. To get how much he makes in a minute, we have to divide this amount by the total number of minutes in a year (i.e., 525,600 minutes). Then we get an idea of how much Max Scherzer makes in a minute per year, which is $68.4.
Gerrit Cole’s Career Earnings
Gerrit Cole’s total career earnings by the year 2023 is estimated to be around $156,222,046. Cole made $36 million in both the years 2022 and 2021, making his combined earnings for both years $72 million.
What are the terms of Gerrit Cole’s contract?
Gerrit Cole signed a contract with the New York Yankees in 2020 that was worth $324 million. The deal has a duration of 9 years and an average annual value of $36 million. Cole has the option to opt out in the fifth year of the contract (i.e., in the 2025 season), the team could still retain him by adding another year to the contract and raising it to $360 million.
How much of Gerrit Cole’s contract is guaranteed?
Gerrit Cole is guaranteed $324 million for a nine year duration if he continues with his contract. But if he chooses to opt-out in the fifth year, there will be $144,000,000 remaining on the deal.
Gerrit Cole’s Contract History
2011: Gerrit Cole was signed with the Pittsburgh Pirates with a $8 million bonus.
2013-2016: Over the course of three years, the Pittsburgh Pirates paid the Pitcher almost $18.8 million.
2017: The Pittsburgh Pirates paid Cole $3,750,000 for the 2017 season.
2018: Cole and the Pittsburgh Pirates agreed to a one year deal worth $6.75 million.
2020: Gerrit Cole was signed by the New York Yankees for $324 million for nine year duration. The annual salary for the contract is $36 million and it also has an option to opt-out in the fifth year.
FAQs
Q. When can Gerrit Cole opt-out of his contract?
A. The New York Yankees signed Gerrit Cole for $324 million in 2020 for the duration of nine years. However, Cole can opt-out of the contract in the fifth year which is the year 2025.
A. The New York Yankees signed Gerrit Cole for $324 million in 2020 for the duration of nine years. However, Cole can opt-out of the contract in the fifth year which is the year 2025.
Q. How long has Gerrit Cole been with the Yankees?
A. Gerrit Cole has been with the Yankees for four years (from 2000-2023)
A. Gerrit Cole has been with the Yankees for four years (from 2000-2023)
Q How old was Gerrit Cole when he signed with the Yankees?
A. Gerrit Cole was 29 years old when he signed the contract with the Yankees.
A. Gerrit Cole was 29 years old when he signed the contract with the Yankees.
Q. How much does Gerrit Cole make per season?
A. With Gerrit Cole’s current contract with the Yankees which is worth $324 million for nine year duration. His annual salary according to the contract is $36 million, which makes his pay per season a whopping $36 million till the 2028 season.
A. With Gerrit Cole’s current contract with the Yankees which is worth $324 million for nine year duration. His annual salary according to the contract is $36 million, which makes his pay per season a whopping $36 million till the 2028 season.
