We all know that Cole is one of the best pitchers in baseball, but how much does he actually make? According to Spotrac, Cole’s 2020 salary with the Yankees is $36 million.
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Cole’s contract with the Yankees is worth $324 million over nine years, according to multiple reports. The right-hander’s average annual salary of $36 million is the highest in baseball history, topping the $34.42 million average annual value of Mike Trout’s 12-year, $426.5 million deal.
Cole’s signing bonus
Cole signed a six-year, $324 million contract with the Yankees that includes a record $36 million signing bonus, ESPN’s Jeff Passan reports.
The signing bonus is the largest ever given to a pitcher and shatters the previous record of $20 million, which was set by Gerrit Cole’s new teammate, Stephen Strasburg, when he signed his seven-year, $210 million extension with the Nationals last year.
Cole’s annual salary
Cole’s annual salary is $36 million. He is signed through the 2024 season, when he will be a free agent.
Cole’s total contract value
On December 11, 2019, it was announced that Cole had signed a nine-year, $324 million contract with the New York Yankees, which Includes a record $36 million signing bonus. The deal also includes a fourth-year player opt-out clause and a full no-trade provision. On average, Cole will earn $36 million per year, which is the highest annual salary for a pitcher in Major League Baseball history.
Cole has been great this year for the Yankees. He was acquired by the Yankees in December of 2019, and he has pitched phenomenally. Cole is set to make $36 million this year, and he is worth every penny. Cole has helped the Yankees pitching staff immensely, and he is a big reason why the Yankees are in first place.
Cole’s pitching stats
In his first season with the Yankees, Cole went 20-5 with a 2.50 ERA and an 0.96 WHIP across 33 starts. He also struck out a career-high 276 batters and walked just 48, good for a 5.8 K/BB ratio. Cole finished fourth in AL Cy Young voting and was named an All-Star for the second time in his career.
Cole’s WAR stands for wins above replacement. It is a measure of how many more wins a player contributes to his team than a replacement level player (a “replacement” is defined as a freely available player who would produce roughly league average results). Cole’s WAR for the Yankees in 2019 was 8.8, meaning he contributed 8.8 more wins to the team than a replacement level player would have.
A reader asked us how much Cole makes from the Yankees and his endorsements. Cole’s salary with the Yankees is $36 million. He also has numerous endorsements with companies such as Nike and Adidas. Cole’s total earnings are $48 million.
Cole has endorsement deals with Nike, T-Mobile, and Topps. He has previously been linked to Adidas, but the company has not confirmed whether or not Cole is still under contract. Cole has also done work with luxury brands, such as appearing in an ad for Rolex. Financial terms of Cole’s endorsement deals have not been made public.
Cole’s endorsement deals
Cole has endorsement deals with Nike, Adidas, Topps, and New Era.
Cole’s Net Worth
Gerrit Cole is an American professional baseball pitcher for the New York Yankees of Major League Baseball (MLB). He signed a nine-year, $324 million contract with the Yankees, the largest contract ever given to a pitcher in MLB history. Cole has an estimated net worth of $5 million.
Cole’s career earnings
Cole has earned a total of $36,918,818 over his Major League career. This includes his signing bonus of $1,375,000, as well as his earnings from his salary and performance bonuses.
Cole’s net worth
Cole’s net worth is estimated to be $10 million. He has earned a salary of $3 million from the Yankees, and has also had endorsements with companies like Adidas and Nike. His career earnings are expected to continue to rise as he continues to play for the Yankees.