The New York Yankees have made signing right-hander Gerrit Cole their clear offseason priority and have ownership-level approval to offer him a record-setting deal, sources familiar with their plans told ESPN.
The Yankees’ fondness for the 29-year-old Cole, whose fantastic 2019 season with the Houston Astros set him up to smash David Price’s record $217 million contract for a pitcher, was only reinforced during a meeting with him earlier this week, sources said.
New York and the Los Angeles Angels, a team similarly smitten with Cole and in even greater need of pitching, are preparing for a bidding war that executives expect will reach well beyond $250 million, according to sources. The Los Angeles Dodgers‘ interest in Cole is acute as well, though they are also considering bids for right-hander Stephen Strasburg and third baseman Anthony Rendon, sources said.
While the expectation going…