Gerrit Alan Cole, nicknamed, "Chef G" is in his fifth year with the New York Yankees as of 2024. 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. Moreover, he has also won the NL Rookie of the Month award, five AL Pitcher of the Month awards, AL Player of the Week, AL Cy Young Award and NL All-Star awards in his collection. As a pitcher, he has also claimed 2251 strikeouts in 1954.0 innings pitched in 317 games in his MLB career so far.
Gerrit Cole’s Contract in 2024
Gerrit Cole signed a nine-year $324 million contract with the New York Yankees on December 11, 2019. as per Spotrac. Based on this contract, the team promised him $324 million for the duration. Moreover, Gerrit Cole's average annual salary will also be $36 million in 2024.
Gerrit Cole Contract Breakdown -
The following table shows Gerrit Cole's present contract breakdown-
| 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 |
How much is Gerrit Cole getting paid?
Gerrit Cole is geting paid $36 million from the 2024 MLB season. He signed a nine-year contract worth $324 million with the New York Yankees on December 11, 2019. Based on the contract, he has been guaranteed the full amount and an average annual salary of $36 million. He is all geared to become an unrestricted free agent in 2029.
Talking about Gerrit Cole's history, he first signed a contract with the Pittsburgh Pirates on August 15, 2011 and earned $9,000,000 as his signing bonus. He next earned a one-year contract worth $490,000 with the team in 2013. This was followed by him signing a one-year $512,500 contract with the team on March 3, 2014. He then signed another a one-year contract worth $531,000 contract with the team on March 4, 2015. Next, he signed a one-year contract worth $548,000 with the team on February 29, 2016. Gerrit Cole then avoided arbitration and signed a $3.75 million contract for a year on January 13, 2017. He again avoided arbitration and signed a one-year contract worth $6.75 million with the team on January 14, 2018. The team then traded him to the Houston Astros on January 14, 2018.
Gerrit Cole settled in arbitration and signed a one-year $13.5 million contract with the Houston Astros on February 13, 2019. They extended a qualifying offer worth $17.8 million to him on November 4, 2019. This led to Gerrit Cole's present contract in 2019.
Read More About:- Gerrit Cole Net Worth
How much does Gerrit Cole make in a minute?
Gerrit Cole's salary is $36,000,000 from the 2024 MLB season as per Spotrac. If this is divided by the total number of minutes in a year, i.e; 525,600, then Gerrit Cole is making $68.49 per minute in 2024.
Gerrit Cole’s Career Earnings
Gerrit Cole has made career earnings of $192,222,046 in his thirteen-year MLB career so far as of 2024 as per Spotrac. This includes his total base salary of $182,222,046 alongside his total signing bonus of $9,000,000. He has separately earned $14,638,713 from the Pittsburgh Pirates, $20,250,000 from the Houston Astros and $157,333,333 from the New York Yankees in his career so far.
Gerrit Cole is making an earning of $36,000,000 from the 2024 MLB season. Notably, he earned the same amount from the 2023, 2022 and 2021 MLB seasons.
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. His contract has a full no-trade clause. However, 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 $36 million.
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-
2011
Gerrit Cole was signed with the Pittsburgh Pirates with an $8 million signing bonus on August 15, 2011.
2013
Gerrit Cole signed a one-year $490,000 contract with the Pittsburgh Pirates in 2013.
2014
Gerrit Cole signed a one-year contract worth $512,500 contract with the Pittsburgh Pirates on March 3, 2014.
2015
The Pittsburgh Pirates signed Gerrit Cole to a one-year $531,000 contract in 2015.
2016
Gerrit Cole signed a one-year contract worth $548,000 with the Pittsburgh Pirates on February 29, 2016.
2017
The Pittsburgh Pirates paid Cole $3,750,000 for one year by avoiding arbitration on January 13, 2017.
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.
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. Then the New York Yankees signed Gerrit Cole to a nine-year $324 million contract on December 11, 2019.
FAQ's On Gerrit Cole 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. Gerrit Cole has been with the Yankees for five years (from 2000-2024)
A. Gerrit Cole was 29 years old when he signed the contract with the Yankees.
A. Gerrit Cole makes $36 million per season with the New York Yankees.
A. Gerrit Cole has four more years left on his contract, although he can opt-out in 2025.
