Yankees set to offer record-setting deal to Gerrit Cole: Sources
The New York Yankees have ownership-level approval to offer Gerrit Cole a record-setting deal, sources told ESPN.
The Yankees met with 29-year-old Cole earlier this week, sources said.
New York and the Los Angeles Angels, a team that has also had their eye on Cole, are preparing for a bidding war that executives expect will reach well beyond $250 million, sources told ESPN.
ESPN says Cole's agent, Scott Boras, has yet to solicit offers, but the teams' "recognition of Cole's value and understanding of multiple motivated buyers could have an expeditious effect, sources said."