It may take some initial offers before we find out what Cole is thinking, and Jeff Passan was here to deliver a dose of reality after Peter Gammons' bizarre message on Saturday, though it certainly remains optimistic news for fans of the Bronx Bombers.
The Yankees have made it clear that no dollar amount is too high to acquire the star right-hander. The same should be true for both Los Angeles teams, who also have an advantage based on Cole being born and raised in Southern California.
Cole has been a golden goose for the Yankees ever since the team drafted him in the first round of the 2008 MLB Draft, only to watch him go to UCLA instead. The chase has gone on for over a decade.
The Yankees being so focused on Cole is a risk, as the market will continue to move and top players will find new teams. There must be a strong belief in the organization that Cole is indeed going to sign with the team.
Seeing the initial offers will give the Yankees a sense of what exact contract is needed to acquire the star. Or perhaps the team is ready to offer something so high that the Angels and Dodgers walk away without a fight.
More should be known Monday, unless a shocking signing is made before then. The Yankees may decide to throw patience aside in the name of getting their guy.