Right-hander Gerrit Cole decided Monday to remain with the New York Yankees on the four-year, $144 million contract he opted out of Saturday, sources told ESPN\'s Jeff Passan.
Originally, the only way Cole would remain a Yankee without reaching free agency was if the club voided his opt-out with a one-year, $36 million extension to his contract, making it a five-year, $180 million deal. The Yankees declined to do so, however, but they came to an agreement for Cole to remain in New York anyway, as if he had not triggered the opt-out in the first place.
The two sides had until Monday at 5 p.m. ET to come to an agreement. Discussions on a potential contract extension will continue.
Via ESPN.com