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Gerrit Cole's elbow injury has derailed his 2025 season, leaving the New York Yankees scrambling for answers as they aim for a World Series return. The loss of their ace not only weakens their pitching rotation but also carries significant financial implications.
Gerrit Cole's Contract and Yankees' Payroll Impact
Cole signed a record-breaking nine-year, $324 million contract with the Yankees in 2019-the largest free-agent deal ever for a pitcher. The Yankees, who had the second-highest payroll in MLB last season at nearly $304 million, now face a massive financial burden as Cole recovers.
The reigning AL Cy Young winner was set to earn $36 million in 2025, making him the team's second-highest-paid player behind Aaron Judge ($40 million). His absence creates a major void in the Yankees' rotation, putting pressure on their remaining starters.
Gerrit Cole's Opt-Out Clause and Free Agency Move
After the 2024 season, Cole exercised his opt-out clause, which allowed him to walk away from the final four years of his deal. The Yankees had the option to retain him by adding an extra year at $36 million for 2029, but they declined.
However, both sides ultimately renegotiated, reinstating the original four-year, $144 million to keep Cole in pinstripes. Now, with Tommy John surgery sidelining him, the Yankees are left paying a for an ace they won't have this season.
Gerrit Cole's Recovery Timeline
Tommy John surgery typically requires a 12-18 month recovery period, meaning Cole could miss a significant chunk of the 2026 season as well. The Yankees must now weigh their options-whether to seek an immediate replacement or rely on internal depth to fill the void.
Cole's injury marks a major setback for the Yankees, both competitively and financially, as they navigate a crucial season without their ace.