Headlines

Go To Pro Hockey Rumors
Go To Hoops Rumors

Gerrit Cole

Gerrit Cole Rumors: 12/10/19

By and | at

Where’s Gerrit Cole going to land? That’s what everyone wants to know. We’ve got a poll going this morning, but otherwise we’re eagerly awaiting the day’s news on the top free agent.

We’ll track the chatter here …

  • The Cole sweepstakes is closing in on an ending, reports Heyman, who adds it would take “a major upset” for him to sign with someone other than the Yankees, Angels or Dodgers.

Earlier Reports

  • There is “serious and intense” bidding going on for Cole, who looks more and more likely to reach an agreement at the Winter Meetings, Heyman tweets. It’s “likely” the Astros and the Giants are the mystery clubs in the Cole derby, per MLB.com’s Mark Feinsand, though the sources he has spoken with have cast on doubt on the hurler ending up with either team. That seemingly leaves the Yankees, Angels and Dodgers to fight it out for Cole.
  • The Astros may be one of the mystery teams, per the New York Post’s Joel Sherman, who writes that they’re considering making a late charge to re-sign Cole. He was, of course, an enormously important part of the Astros’ pitching staff from 2018-19, and owner Jim Crane said last month the team would at least make an effort to keep him. Keeping Cole would likely at least push the Astros over the second level of the luxury tax ($228MM), as Sherman notes, but the reigning AL champions do have some holes in their rotation with him and Wade Miley as free agents. Perhaps a desire to keep Cole, AL Cy Young winner Justin Verlander and Zack Greinke together atop the Astros’ staff will drown out any tax concerns for Crane.
  • Agent Scott Boras confirmed recent reports that indicate a deal could come together quickly. He told reporters gathered for his annual media scrum that a decision may come “in the short term,” as MLB.com’s Bryan Hoch reports (Twitter links). Boras also says there are two mystery teams involved in Cole’s market, though it’s not evident just what constitutes a mystery team from his perspective.
  • Cole’s major pursuers are known (Angels, Yankees, Dodgers), along with a few lurkers (Rangers, Phillies). But there’s also a mystery team involved, according to Jon Heyman of MLB Network (via Twitter). Heyman himself casts doubt upon the legitimacy of this unidentified organization, noting that it is difficult to envision a new entrant to the market vaulting past the existing bidders. Indeed, it is quite difficult to peg a serious bidder among the remaining teams around the league. There are certainly other contenders that would love to add Cole, but in every case there’s reason to question the plausibility. That said, there have been surprises in the past and nothing can be ruled out entirely until there’s a team announcement on a signing.
  • Henry Schulman of the San Francisco Chronicle notes (via Twitter) that he has been given reason to believe that the Giants would represent “a desirable destination” from Cole’s perspective. But he says he is not aware whether the team is involved and cautions that he has no reason to believe the San Francisco organization is a serious possible landing spot for the right-hander.

Latest On Giants’ Pursuit Of Nicholas Castellanos

By | at

Since taking over the Giants front office, Farhan Zaidi has executed a bevy of minor claims and signings while dealing away some veteran assets. But he has also explored massive free agent contracts, declined to strip the roster of veterans, and held back some trade chips from the summer market. The big-revenue team isn’t tanking and remains a threat to land any player it likes.

With that as the backdrop, the Giants appear to be playing an increasingly interesting role in the development of this year’s free agent market. There are some hints the team could even be involved quietly in the Gerrit Cole market, though it’s still unclear whether the Giants would really make a shocking run at the market’s biggest prize.

There’s no reason whatsoever the Giants should be ruled out of significant free agents, though. The club seems now to be a particular threat to land slugging corner outfielder Nicholas Castellanos, who would add some much-needed pop to the lineup. This connection was made recently and now is gaining some steam.

At least one rival executive is so convinced of the Giants’ interest as to presume that Castellanos will end up in San Francisco, Ken Rosenthal of The Athletic (subscription link). The club does indeed have “genuine” interest in Castellanos, per Henry Schulman of the San Francisco Chronicle (Twitter link), though the veteran beat reporter isn’t necessarily tabbing them the favorites.

This all makes sense on paper. In our top 50 free agent prediction post, we guessed the Giants would end up with a similar player in Marcell Ozuna, but both youthful performers have essentially similar market situations. Some teams may prefer the greater recent offensive output of Castellanos or the generally better-regarded glovework of Ozuna. It seems the Giants are smitten enough with Castellanos that he could be the priority, though there’s still time for the market to take any number of different paths.

Poll: Which Team Will Sign Gerrit Cole?

By | at

High-level meetings are taking place. Offers are coming in. All indications are that the Gerrit Cole bidding is at a full sprint, spurred in part by the stunningly lucrative deal reached between the Nationals and Stephen Strasburg. That record-setting $245MM contract ups the ante for teams interested in the younger and higher-octane Cole. The $300MM threshold once seemed a pie-in-the-sky number. No more.

With the expectation that Cole will take the best offer made, every team in baseball is theoretically in play. But it seems the market has already largely developed. The Angels and Yankees are widely cited as the two most active pursuers. The Dodgers’ stance isn’t quite clear. The Phillies and Rangers are reportedly still circling. Perhaps it’s still possible there’s a mystery bidder.

Where do you think Cole will end up?

(Poll link for app users; responses order randomized.)

Gerrit Cole Seeking Massive Free Agent Contract

By | at

9:40pm: The Angels and Boras “have had multiple ’ownership-level’ meetings” regarding Cole, Jeff Fletcher of the Orange County Register writes.

6:53pm: Yankees general manager Brian Cashman is “coming with the offer for Cole today,” Heyman tweets. Bob Klapisch of the New York Times reported over the weekend (link below) that New York was preparing a seven-year, $245MM proposal.

5:28pm: Expectations are that Cole will indeed go past the $300MM mark, per the New York Post’s Joel Sherman, who names nine years and $324MM as “not a bad over/under” for Cole’s next deal.

3:13pm: After securing a stunning, $245MM deal for Stephen Strasburg, Boras is on the hunt for an even larger-than-expected payday for Cole.

The goal is for a nine or ten-year pact, per Heyman (via Twitter). The $300MM level “is well within reach,” per the report, with even greater earnings “certainly possible” at this point.

It is believed that the bidding on Cole will come to a head in the coming days, MLB.com’s Jon Morosi tweets. That could set the stage for an old-fashioned Winter Meetings auction of the kind we haven’t seen in some time.

1:07pm: Free agent ace Gerrit Cole continues to be the center of attention as the game of baseball gathers up in San Diego for the Winter Meetings. We’ve yet to seen any seismic news with respect to his market situation, but there’s good reason to believe we’ll see significant developments in the coming days.

Cole’s agent, Scott Boras, informed teams that his client would like to consider offers beginning right away, The Athletic’s Jayson Stark writes (subscription link). The hurler “has been aggressively involved in setting the timing of these talks,” writes Stark, and it seems he’s not interested in a protracted courtship.

While Cole isn’t looking to drag this process out for the next several months, he’s not going to limit his options at the outset. While some geographical preference had been anticipated — Cole, as you’ve no doubt heard, has deep ties to California — it has become increasingly clear that he won’t restrict himself to one coast.

The word now is that Cole “will go with the best value/deal regardless of geography,” Jon Heyman of MLB Network tweets. That certainly leaves the door wide open for the Yankees, who are reportedly preparing to put a big number in front of Cole, but it’s far from a done deal. It’s rumored that the Angels, Dodgers, Phillies, and Rangers are also in the hunt and it remains to be seen which team will separate itself from the pack.

With big-budget organizations pushing hard for Cole, the industry chatter continues to buzz with the likelihood of a record-setting deal. The only question seems to be just how many contractual records will be knocked over and to what extent, as Stark writes. MLBTR predicted a $256MM contract entering the offseason.

Padres Not Playing At Top Of Free Agent Market

By | at

The Padres, along with the Braves, have thus far born the brunt of the burden in stoking the hot stove fire, but San Diego doesn’t anticipate being players at the top of the free agent market, per The San Diego Union-Tribune’s Kevin Acee. Given the enormity of the task ahead of them – dethroning the Dodgers from their perch atop the NL West – it was natural to assume GM A.J. Preller might go for the hat trick and score another big ticket free agent. Plus, hometown kid and confirmed playoff ace Stephen Strasburg is taking meetings, and the Padres could use a slide-stopping ace to stabilize their young rotation. But alas, the Padres don’t plan on meeting Scott Boras about either Gerrit Cole or Strasburg.

Two nine-figure free agents and the promotions of top prospects like Fernando Tatis Jr. and Chris Paddack could not stop the string of losing season for the Padres in 2019. They stretched their streak to nine while reaching 90 losses for the fourth consecutive year. The good news for Padres fans is that even though they don’t plan on attracting another top tier free agent – help is on the way. Per Acee’s sources, Preller doesn’t feel compelled to sign a top free agent ace is because he is confident in their ability to grow them from the ground up. Both MacKenzie Gore and Luis Patino have the potential to join Paddack atop the rotation in the next couple years.

Gore, 21 by Opening Day, made five starts in Double-A after blistering High-A with a 1.02 ERA in 79 1/3 innings. That’s not a typo. The young southpaw gave up just 36 hits, 20 walks, and 9 earned runs while playing for the Lake Elsinore Storm. He struck out 110 batters, good for 12.5 K/9. He is baseball’s 4th best prospect per Baseball America and MLB.com, #5 by Fangraphs.

Patino ranks as the 30th best prospect in the sport by MLB.com, 26th by Fangraphs, 29th by Baseball America. Though eight months younger than Gore, they’re on the same development track as of now. Patino registered a 2.69 ERA in High-A while little more than four years younger than league average.

Needless to say, the future is bright in San Diego, but there are pressing concerns for the present still on the docket. Preller is on the lookout for at least one reliever, potentially a starting catcher, while adding another rotation arm remains in the mix. Financially, it’s tight. They may look to shed some salary in the coming days. The payroll has already climbed north of $140MM. Per Cot’s Contracts, they ran a $97MM payroll on Opening Day last year and only once have they opened a season with a payroll over $100MM (2015).

Yankees Reportedly Preparing $245MM Offer To Gerrit Cole

By | at

The Yankees are reportedly working on a record-setting seven-year, $245MM contract offer to free-agent right-hander Gerrit Cole, according to Bob Klapisch of the New York Times. MLB Network’s Jon Heyman and MLB.com’s Mark Feinsand report (Twitter links) that while the team has not yet officially extended the offer, they aren’t far off from doing so.

If signed, the contract would establish a new benchmark for free-agent pitchers, both in terms of overall value and average annual value; Cole’s $245MM over seven years—a $35MM AAV—would surpass David Price’s record $217MM deal with the Red Sox, as well as Zack Greinke’s $34.4MM AAV from the Diamondbacks.

With Cole and representative Scott Boras requesting yesterday that interested teams submit initial offers, the Cole saga is far from over, and there’s a chance that the Yankees’ bid will be one-upped by another suitor, particularly the Dodgers or Angels, who have been named the other favorites to land Cole. If those teams opt to go to an eighth or ninth year, the contract value could exceed $280MM or even $300MM, an unprecedented figure for pitchers. Either way, with the bidding war now underway, one thing’s for sure: if the initial offer is already a record deal, Cole and Boras are certainly sitting pretty.

And though the contract offer is merely that—an offer—the sheer magnitude of the opening bid is indicative of the Yankees’ commitment to go into the spring with this offseason’s crown jewel. With reports suggesting that ownership has authorized a steadfast pursuit of Cole and that the team has halted other business as it focuses entirely on the 29-year-old, there seems to be a heightened sense of urgency surrounding the Yankees’ courtship of Cole, a Steinbrenner trademark that has been absent for several years.

That said, they won’t be without their share of competition. The aforementioned financial powerhouses in Los Angeles—though their interest hasn’t received the same attention as that of New York—no doubt have an appetite for Cole. After seven consecutive division titles that have yet to produce a World Series banner, the Dodgers’ urgency may well rival that of the Yankees. And while record-breaking contracts are decidedly not a hallmark of the Andrew Friedman-run Dodgers, it bears mentioning that their payroll commitments are expected to thin out considerably by 2021 and 2022, affording increased flexibility to take on an obligation of monumental proportions.

The Angels, for their part, haven’t played October baseball since 2014 and have long been rumored a destination for Cole given his SoCal roots. They boast the sport’s finest player in Mike Trout, who is under contract for the next decade-plus and has played just three playoff games through his age-27 season. The last several years of Angels baseball have been defined by a notorious lack of production (and health) in the starting rotation, a department in which forward progress may already be in order for 2020, what with the acquisition of Dylan Bundy and the potential return of Shohei Ohtani, not to mention the addition of reputable pitching coach Mickey Callaway. General manager Billy Eppler, entering the final year of his contract, has limited time to produce a genuine improvement in the win-loss department, and adding Cole may be the perfect splash to improve the franchise’s fortunes.

Latest On Gerrit Cole

By | at

Teams will be making their initial offers to Gerrit Cole in the coming days, reports Jeff Passan of ESPN (via Twitter). Cole, the top free agent in this year’s class, is a near-lock to exceed David Price’s $217MM guarantee, the current record contract for a pitcher.

Which teams figure to be in on Cole? The Yankees are seemingly committed to bringing Cole to the Bronx, and Peter Gammons of the Athletic somewhat cryptically tweets that the Bombers “were not denied” in their pursuit. Nevertheless, Passan’s sources hear that the Angels and Dodgers do remain in the running alongside the Yankees as favorites for Cole’s services. Both LA organizations have previously met with the Southern California native, as have the Yankees.

While that big-market trio seems to have moved to the forefront of the Cole race, other teams may still yet enter the mix once the time comes to put formal offers on the table. Jon Heyman of MLB Network reiterates (via Twitter) the Phillies’ and Rangers’ interest. Recent indications, though, are that Philadelphia and Texas seem to be more focused on fellow Scott Boras client Anthony Rendon.

That interest in Rendon, who himself figures to handily exceed $200MM, suggests that both organizations have ample spending room should they set their sights on Cole instead. However, the Phillies have already made one massive outlay on starting pitching this offseason, signing Zack Wheeler to a $118MM deal. The Rangers, meanwhile, have seemingly plugged two holes in their rotation via smaller deals for Kyle Gibson and Jordan Lyles. With that in mind, it seems to make sense for those two clubs to turn their attention to the position player side of things.

With the Cole market seemingly heating up, he figures to be the center of attention at next week’s Winter Meetings. With some of the sport’s biggest spenders eyeing him, Cole will surely break the bank whenever he makes the final decision.

Yankees’ “Total Focus” On Gerrit Cole

By | at

The Yankees “total focus” remains on reeling in the winter’s big fish: ace starter Gerrit Cole, per MLB Network Insider Jon Heyman. That Cole is a priority for the Yankees is old news, though Heyman’s characterization certainly seems to stake a higher degree of urgency to the Yankees’ intent.

The nostalgic among us can take this opportunity to think fondly of the Yankees of yore, who routinely targeted their man in free agency with this kind of fervor. It’s been a few years since a free agent made this kind of impression on the Yanks, though they attacked the opportunity to trade for James Paxton last offseason with similar drive.

The urgency isn’t shocking coming off 2019, which proved an interesting campaign in New York. Injuries decimated the roster, but the offense never missed a beat no matter who stepped into the void (hello, Gio Urshela). They coasted to 103 wins and a division title, defeated the Minnesota Twins in the playoffs as they are wont to do, only to see the favor repaid in full by the new powerhouse of the day Houston Astros. The Yankees found themselves booted from the playoffs for the third time in the last five seasons by the Astros, making this pursuit of the ex-Astro Cole feel all the more crazy-eyed. That said, there is rarely a free agent with Cole’s pedigree, and if they’re going to channel the ghost of Steinbrenner and go all-in for a free agent, Cole is a worthy target.

Which is, of course, exactly why interest in the right-hander runs so rampant. As Heyman put it, the Yankees “don’t want to be denied” in their pursuit of Cole, but there is no shortage of contenders, including both LA teams, the Rangers, and the Phillies (who are a little crazy-eyed themselves these days). All five clubs have ample cause to pull out all the stops for Cole – on paper, they’re not alone.

Yankees Reportedly Prioritizing Gerrit Cole

By | at

The Yankees have already met this offseason with the top free agent available, Cy Young-caliber right-hander Gerrit Cole. It sounds as if their powwow went well, as the Yankees have a Cole signing atop their list of offseason priorities, Jeff Passan of ESPN reports. While the luxury tax has frequently been an issue for the Yankees since Hal Steinbrenner assumed ownership several years ago, it doesn’t look as if it’ll impede a potential Cole signing. The Yankees “have ownership-level approval to offer him a record-setting deal,” Passan writes.

Along with the Yankees, the Angels – who have been regarded as the favorite to sign Cole – as well as the Dodgers may be lining up for a Cole bidding war, suggests Passan. Offers haven’t come in yet, but the Yankees’ involvement could be an enormous boon for Cole. Even if he doesn’t sign with them, the financially powerful franchise has the money to further drive up bidding for Cole, who’s essentially a shoo-in to ink a contract worth far more than the record pact David Price signed with the Red Sox entering 2016 (seven years, $217MM).

The Yankees haven’t handed out a nine-figure contract in free agency since they added righty Masahiro Tanaka on a seven-year, $155MM payday going into 2014. However, the franchise clearly loves Cole, as it selected him in the first round of the 2008 draft (Cole went to UCLA instead, later becoming the No. 1 overall pick of the Pirates) and tried to trade for him a couple years ago. But the Astros outbid the Yankees for Cole before the 2018 season, and Houston eliminated New York from this fall’s ALCS with Cole’s help. The Yankees, however, have clearly seen enough of Cole dominating in other uniforms, and they look ready to strike now that he’s available in free agency.

The Yankees sent a notable contingent to meet with Cole and agent Scott Boras this week, per Passan, who names general manager Brian Cashman, skipper Aaron Boone, pitching coach Matt Blake and franchise icon Andy Pettitte as those who sat down with him. In the event the Yankees lose out on Cole, though, they haven’t ruled out going after longtime National and reigning World Series MVP Stephen Strasburg, the No. 2 starter on the market. The Yankees have also met with Strasburg, another Boras client.

Padres Likely To Pursue Kwang-Hyun Kim

By | at

The Padres are planning to take another run at signing lefty Kwang-Hyun Kim now that he’s been posted by the SK Wyverns of the Korea Baseball Organization, Kevin Acee of the San Diego Union-Tribune reports. San Diego won the bidding on Kim when he was posted under the previous blind-bid system back in 2014, and the organization again has its sights set on the now-31-year-old southpaw.

Perhaps of even greater note is that Acee suggests the organization doesn’t intend to pursue either Gerrit Cole or Stephen Strasburg — despite previous reports linking them to the latter — due to that duo’s expected price tag. MLB.com’s AJ Cassavell wrote yesterday that the Padres are “more optimistic” about their in-house options than the rest of the industry, adding that a pursuit of one of the top names is unlikely and that there’s been “no recent movement” to add to the rotation. Acee notes that Kim now stands out as the likeliest rotation addition for the Friars.

At present, sophomore Chris Paddack projects to front a Padres rotation that’ll also include Dinelson Lamet, Garrett Richards (in his first full year back from 2018 Tommy John surgery), recent trade acquisition Zach Davies and Joey Lucchesi. Others such as Adrian Morejon, Cal Quantrill, Michel Baez, Nick Margevicius and Ronald Bolanos represent 40-man alternatives, and uber-prospect MacKenzie Gore is likely ticketed for Double-A to open the 2020 season, thus placing him within arm’s reach of a promotion.

That pitching depth is indeed enviable, but the Padres’ payroll likely plays as much a role — if not a greater role — in their apparent aversion to inking additional free-agent pitchers. San Diego’s acquisitions of Davies and Jurickson Profar put them in line for a 2020 payroll in the $144MM range, per Roster Resource’s Jason Martinez. That number crushes their previous high-water mark, and even tacking on a mid-range starting pitcher would push the Padres beyond the $150MM mark both in terms of actual 2020 payroll and luxury-tax considerations.

The Padres have reportedly been seeking trade partners for Wil Myers for more than a year but, to this point, have unsurprisingly struggled to find a taker. Myers, who’ll turn 29 next week, is still owed a massive $61MM over the next three seasons under the now-regrettable extension he signed back in Jan. 2017, and the glut of first base/corner outfield options available elsewhere in trade or in free agency make him all the more cumbersome an asset to market in trade talks. The remaining six years and $99MM on Eric Hosmer’s eight-year contract isn’t doing the payroll any favors, either.

None of that is to say that Kim, who could be an affordable rotation option, is unworthy of an earnest pursuit. Kim has established himself as one of the best and most consistent pitchers in the hitter-friendly Korea Baseball Organization over the past decade and is fresh off a pair of sub-3.00 ERA seasons in his return from 2017 Tommy John surgery. Notably, the KBO has provided teams with extensive documentation on Kim’s health at MLB’s request, Jee-ho Yoo of the Yonhap News Agency reported recently.

Over his past 326 1/3 innings since surgery, Kim has pitched to a 2.70 ERA with 310 strikeouts against just 68 walks — demonstrating the best control of his career. He’s walked just 5.1 percent of the hitters he’s faced in that span against a 23.1 percent strikeout rate. Certainly, there’s cause for intrigue and reason to believe that he could be a viable mid-rotation upgrade at a lesser price than remaining second- and third-tier options on the domestic market.

Kim has been formally posted for Major League teams, who have until Jan. 5 to negotiate a contract with the former KBO MVP. Any team is free to sign him for any amount under the new posting system, but the Wyverns would be entitled to a release fee that is dependent on the size of the contract he inks. The Wyverns would receive a sum equal to 20 percent of the first $25MM in guarantees plus 17.5 percent of the next $25MM and 15 percent of any money spent beyond that level. A contract pushing beyond that $50MM mark (or even the $25MM plateau) hasn’t been expected, although the market for Kim is only just taking shape. What seems clear is that the Padres intend to be squarely in the mix as they seek to bolster their starting staff with an eye toward emerging from a lengthy rebuild.

Show all

MLB Trade Rumors is not affiliated with Major League Baseball, MLB or MLB.com

hide arrows scroll to top