Yankees pitcher Gerrit Cole opts out of his contract, while the team declines Rizzo's option.

New York Yankees pitcher Gerrit Cole has opted out of his $324 million contract, allowing the team to void this decision by adding a $36 million salary for 2029. If not voided, Cole would forfeit $144 million over the next four years. Additionally, the Yankees declined first baseman Anthony Rizzo's $17 million option, opting for a $6 million buyout instead, making him a free agent after an injury-plagued season.

November 02, 2024
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