The New York Yankees have agreed to sign Gerrit Cole to a record-breaking $324M. It's a nine-year deal that pays Cole $36 million annually. There is a no-trade clause and the contract contains an opt-out after the 2024 season. (Jon Heyman on Twitter)
Houston did wonders for Cole after revamping his repertoire of pitches. Once an inconsistent starter with ace potential in Pittsburgh, he dominated the Majors the last two seasons with Houston posting 35 wins and just 10 losses. Wins don't show how dominant he was though. During his time with the Astros, he posted a 2.69 ERA, 0.96 WHIP, and had 602 strikeouts. The move to Yankee Stadium is a downgrade, but if he can continue to strike batters out, it may not make a huge difference in 2020.