Gerrit Alan Cole, nicknamed, "Chef G" is an American baseball pitcher for the New York Yankees in the MLB. Hailing from Newport Beach, California, United States, He was drafted by the Pittsburgh Pirates with the #1st overall pick in the 2011 MLB Draft and eventually made his MLB debut on June 11, 2013. Since then, he has been a member of the Pittsburgh Pirates for five years and Houston Astros for two years before joining the New York Yankees in 2020.
Gerrit Cole is a six-time MLB All-Star player, as of March 2025. Moreover, he has also received Al Cy Young award in 2023 and first-team All-MLB thrice in 2019, 2021 and 2023 respectively. He has also received second-team All-MLB honors in 2022 and was name the MLB strikeout leader twice in 2019 and 2022, as per MLB's official website.
Gerrit Cole’s contract
According to Spotrac, Cole signed a nine-year contract with the Yankees valued at $324 million in December 2019. His contract includes no signing bonus, fully guarantees him the entire amount, and an average annual salary of $36 million.
| Year | Base Salary | Signing Bonus | Cap Hit | Dead Cap | Yearly Cash |
| 2019 | $13,333,333 | - | $13,333,333 | - | $13,333,333 |
| 2020 | $36,000,000 | - | $36,000,000 | - | $36,000,000 |
| 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 |
| 2024 | $36,000,000 | - | $36,000,000 | - | $36,000,000 |
| 2025 (Opt Out) | $36,000,000 | - | $36,000,000 | - | $36,000,000 |
| 2026 | $36,000,000 | - | $36,000,000 | - | $36,000,000 |
| 2027 | $36,000,000 | - | $36,000,000 | - | $36,000,000 |
| 2028 | $36,000,000 | - | $36,000,000 | - | $36,000,000 |
Gerrit Cole's salary
Gerrit Cole's salary for 2025 is $36 million, as he declined his opt-out clause and remains under contract with the New York Yankees. He will continue earning $36 million per year through 2028 and would enter free agency in 2029, as per Spotrac.
How much does Gerrit Cole earn per minute?
Gerrit Cole will earn approximately $68.46 per minute in 2025, considering his salary is $36 million.
Read More About:- Gerrit Cole Net Worth
Gerrit Cole’s career earnings
As of Mach 2025, Cole has earned an estimated total of $228,222,046 in career earnings, as per Spotrac.
What are the terms of Gerrit Cole’s contract?
According to Spotrac, Gerrit Cole signed a contract with the New York Yankees in 2019 that is worth $324 million. The deal has a duration of nine years and an average annual salary of $36 million. His contract has a full no-trade clause. Cole also has the option to opt out in the fifth year of the contract (i.e. in the 2025 season). However, he declined his opt-out option and the team retained him by adding another year to the contract for the same salary during the 2029 MLB season.
How much of Gerrit Cole’s contract is guaranteed?
Gerrit Cole's contract with the New York Yankees is for nine-years, worth $324 million, that he signed on December 11, 2019. Based on this contract, he has been guaranteed the full amount along with an average annual salary of $36,000,000.
Gerrit Cole’s contract history
These are all the contracts that Gerrit Cole has signed, as per Spotrac:
Pittsburgh Pirates (2011)
Gerrit Cole was signed with the Pittsburgh Pirates with an $8 million signing bonus on August 15, 2011.
Pittsburgh Pirates (2013)
Gerrit Cole signed a one-year $490,000 contract with the Pittsburgh Pirates in 2013.
Pittsburgh Pirates (2014)
Gerrit Cole signed a one-year contract worth $512,500 contract with the Pittsburgh Pirates on March 3, 2014.
Pittsburgh Pirates (2015)
The Pittsburgh Pirates signed Gerrit Cole to a one-year $531,000 contract in 2015.
Pittsburgh Pirates (2016)
Gerrit Cole signed a one-year contract worth $548,000 with the Pittsburgh Pirates on February 29, 2016.
Pittsburgh Pirates (2017)
The Pittsburgh Pirates paid Cole $3,750,000 for one year by avoiding arbitration on January 13, 2017.
Pittsburgh Pirates (2018)
Gerrit Cole avoided arbitration and agreed with the Pittsburgh Pirates to a one-year contract worth $6.75 million on January 12, 2018. However, he was traded to the Houston Astros on January 14, 2018 in exchange for Jason Martin, Colin Moran, Joe Musgrove and Michael Feliz.
Houston Astros (2019)
Gerrit Cole settled in arbitration and signed a one-year $13.5 million contract with the Houston Astros on February 13, 2019. The team also exercised a $17.8 million qualifying offer to him on November 4, 2019. However, the New York Yankees signed Gerrit Cole to a nine-year $324 million contract on December 11, 2019.
FAQ's On Gerrit Cole
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, as per Spotrac.
A. Gerrit Cole is a member of the 2022 class of the UCLA Athletics Hall of Fame.
A. Gerrit Cole is signed with the Yankees for nine years.
A. Gerrit Cole declined his opt-out after 2024, committing to the Yankees through 2028 with a full no-trade clause.
A. Gerrit Cole has three more years left on his contract valid until 2028.
