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Yankees Owners Reportedly Sign off on Offering Gerrit Cole Record Deal With Bidding War on Horizon

Gerrit Cole
Gerrit Cole is about to land a historic deal before the 2020 season begins. | Pool/Getty Images

The New York Yankees are one of the few MLB teams with an unlimited budget. There is never talk of a rebuild as the team can spend as much as possible to acquire the best talent.

Gerrit Cole is one of those players, and it appears the Yankees will do whatever it takes to get him.

Jeff Passan writes that Cole could command a deal in the range of $250 million. The Yankees are one of the few teams that could offer such a deal and still have money left over to go after even more talent.

Cole is one of the best pitchers in baseball and has earned the right to be paid as such. 2019 was a contract year for him and he responded with 326 strikeouts and a 2.50 ERA that saw him finish second in American League Cy Young Award voting.

The Yankees join both teams in Los Angeles as perhaps the only serious bidders for Cole's services.

A potential bidding war is intriguing, because Stephen Strasburg remains on the market as well. If he is signed in the next few days, as some have predicted, the price for Cole will only go up.