SAN ANTONIO (AP) — Gerrit Cole gave up his opt-out right on Monday and will remain with the New York Yankees under a contract that runs through 2028 rather than become a free agent.
New York's ace initially exercised his right to terminate the $324 million, nine-year deal, which has $144 million and four years remaining. That decision triggered a two-day window for the Yankees to add a $36 million salary for 2029, which would void the opt out.
Given the short time frame after the team's World Series-ending loss Wednesday night, both sides extended the bargaining period until 5 p.m. EST Monday, the deadline for option decisions in the collective bargaining agreement. As the deadline approached, both sides agreed to rescind their rights and worked out the language with Major League Baseball and the players' association.
“Maybe the grass isn't always greener,” Yankees general manager Brian Cashman said. “I think he’s happy where he's at. I think he likes our setup. I think he likes playing for who he’s playing for and working for. And I think he likes his teammates. And I think he thinks we have a legitimate chance to win.”
Cashman said the talks included himself, Cole, agent Scott Boras, Yankees owner Hal Steinbrenner and team president Randy Levine.
“Gerrit and Hal have built a close relationship, and remaining a Yankee was important to both,” Boras said in an email to The Associated Press. “All understood further time was needed to advance discussions.”
Cashman said Cole's "career hopefully will finish with the Yankees. Whether that’s at the end of this contract or anything in the future, we can still talk through that. But the most important thing is, the biggest first step is we have our ace back and we’re excited about that.”
A 34-year-old right-hander, Cole won the 2023 AL Cy Young Award. His 2024 season didn’t start until June 19 because of nerve irritation and edema in his right elbow. The six-time All-Star went 8-5 with a 3.41 ERA in 17 starts, and then was 1-0 with a 2.17 ERA in five postseason starts.
Cashman said Cole didn't need any medical procedures and New York hopes he is healthy.
“But how many pitchers are, right?” Cashman said. “I’ll go through the free agent meetings and I’ll go through all the players in the marketplace that are over a certain age and they’re all going to have their warts and some pitch with them and some can’t pitch with them. But he's obviously made us feel really good about how he came back.”
Cole's decision gives the Yankees six potential rotation returnees, a group that includes Carlos Rodón, Clarke Schmidt, Luis Gil, Nestor Cortes and Marcus Stroman.
In addition, the Yankees made a $21.05 million qualifying offer to outfielder Juan Soto, who is certain to reject it, but did not make one to second baseman Gleyber Torres. New York would not get draft-pick compensation if Torres signs elsewhere.
Cashman said the club is not averse to including deferred compensation in contracts. Yankees deals have generally not included that.
“We’re open to deferrals,” he said. “A lot of times players are less open to doing deferrals for us than they are for maybe other markets. But if we can do stuff that benefits us, of course we will.”
Cashman spoke to reporters for the first time since the Yankees wasted a five-run, fifth-inning lead against the Dodgers in Game 5 of the World Series, when center fielder Aaron Judge and Gold Glove shortstop Anthony Volpe made errors and Cole didn't cover first base on a pivotal play.
“This team obviously wasn’t the best defensive team that we’ve had, clearly. And this team also had obviously made some baserunning mistakes, but obviously the Game 5 situation was involving players that ultimately are really, really good," Cashman said. “Aaron Judge catches a flyball a billion times out of a billion.
“The Dodgers won the World Series and I congratulate them,” he added. “I wish we gave them our best shot but you only have a small window to do that. We earned the right to get there but we didn’t play our best baseball while there and we got sent home.”
Also on Monday, the Yankees traded outfielder Taylor Trammell to Houston for cash. The 27-year-old was 1 for 1 with a walk in five games with New York this year and 0 for 6 in five games with the Dodgers. The Yankees claimed him off waivers in mid-April and he hit .256 with 18 homers, 63 RBIs and 20 stolen bases for Triple-A Scranton/Wilkes-Barre. New York also assigned outfielder Duke Ellis outright to the RailRiders.
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New York Yankees pitcher Gerrit Cole throws against the Los Angeles Dodgers during the first inning in Game 5 of the baseball World Series, Wednesday, Oct. 30, 2024, in New York. (AP Photo/Ashley Landis)
New York Yankees starting pitcher Gerrit Cole throws against the Los Angeles Dodgers during the first inning in Game 5 of the baseball World Series, Wednesday, Oct. 30, 2024, in New York. (AP Photo/Godofredo A. Vásquez)
SEOUL, South Korea (AP) — South Korean investigators arrived at the presidential residence with a warrant to detain impeached President Yoon Suk Yoel over his short-lived imposition of martial law, but faced resistance from presidential security staff as hundreds of Yoon’s supporters gathered outside vowing to protect him.
It’s the latest confrontation in a political crisis that has paralyzed South Korean politics and seen two heads of state impeached in under a month. It began on Dec. 3 when Yoon, apparently frustrated that his policies were blocked by an opposition-dominated parliament, declared martial law and dispatched troops to surround the National Assembly.
Parliament overturned the declaration within hours in an unanimous vote and impeached Yoon himself on Dec. 14, while South Korean authorities opened a criminal investigation into the events. Yoon has remained defiant, ignoring requests for questioning and vowing to fight to remain in office.
Four hours after dozens of investigators and police officers were seen entering the gate of the residence in Seoul to execute a warrant for Yoon’s detention, the dramatic scene appeared to have developed into a standoff.
The anti-corruption agency didn’t immediately reply to questions about whether investigators successfully entered Yoon’s residential building, but South Korea’s YTN television reported scuffles as investigators and police confronted the presidential security forces.
Seok Dong-hyeon, one of several lawyers on Yoon’s legal team, confirmed that the investigators arrived at the building but said it was unlikely that they would be able to detain the president on Friday. He said the agency’s efforts to detain Yoon were “reckless” and showed an “outrageous discard for law.”
South Korea’s Defense Ministry confirmed that the investigators and police officers got past a military unit guarding the residence’s grounds before arriving at the building. The presidential security service, which controls the residence itself, refused to comment on whether its members were confronting investigators and whether they planned to block the detention attempt.
The hourslong standoff prompted the liberal opposition Democratic Party to call on the country’s acting leader, Deputy Prime Minister Choi Sang-mok, to order the presidential security service to stand down. Choi, who also serves as finance minister, didn’t immediately comment on the situation.
“We warn presidential security service chief Park Jong-joon not to further participate in a rebellion. Do not drag the upright staff of the presidential security service and other public officials into the depths of crime,” said Jo Seung-lae, a Democratic lawmaker. Choi must “remember that swiftly addressing the rebellion and preventing further chaos is your responsibility,” Jo said.
In a defiant New Year’s message to conservative supporters rallying outside his residence, Yoon said he will “fight to the end” against “anti-state forces.” His lawyers have described the warrant as “invalid” and “illegal,” and said that the presidential security force could arrest police trying to execute it.
Thousands of police officers gathered at Yoon’s residence and formed a perimeter around a growing group of pro-Yoon protesters, who braved subfreezing temperatures for hours, waving South Korean and American flags while chanting slogans in his support. There were no immediate reports of major clashes.
A Seoul court issued a warrant for Yoon’s detention on Tuesday after he evaded multiple requests to appear for questioning and blocked searches of his office in Seoul, hindering an investigation into whether his ill-conceived power grab on Dec. 3 amounted to rebellion.
The warrant is valid for one week, and investigators may make another attempt to detain Yoon if they are unable to do so on Friday.
Investigators from the anti-corruption agency were earlier seen loading boxes into several vehicles before leaving their building in the city of Gwacheon early in the morning. Television footage later showed some of those vehicles weaving between police buses that tightly packed and barricaded the streets near Yoon’s residence.
If Yoon is detained, the anti-corruption agency will have 48 hours to either request a warrant for his formal arrest or release him. Yoon’s defense minister, police chief and several top military commanders have already been arrested over their roles in the period of martial law.
Yoon Kap-keun, another lawyer representing the president, described the investigators’ efforts to detain him as illegal and said they would plan to pursue unspecified legal steps against the anti-corruption agency.
Yoon Suk Yeol’s lawyers have argued the court’s detainment warrant is invalid, claiming that the anti-corruption agency lacks the legal authority to investigate rebellion charges. They also accuse the court of bypassing a law that says locations potentially linked to military secrets cannot be seized or searched without the consent of the person in charge.
The lawyers have said police officers would be exceeding their legal authority if they assist in detaining Yoon, and could face arrest by either the “presidential security service or any citizens.” They didn’t elaborate further on the claim.
Critics accused Yoon of inciting his supporters to obstruct attempts to detain him. South Korean law permits anyone to make an arrest to stop an active crime.
The Democratic Party, which drove the legislative vote that impeached Yoon Suk Yeol on Dec. 14 over his imposition of martial law, accused the president of trying to mobilize his supporters to block his detention and called for law enforcement authorities to execute the warrant immediately.
Yoon Kap-keun, the president’s lawyer, filed a challenge with the Seoul Western District Court on Thursday to block both the detention warrant for Yoon Suk Yeol and a related search warrant for his residence. The lawyer argued that both warrants violate criminal laws and the constitution.
Yoon’s presidential powers were suspended following a National Assembly vote to impeach him on Dec. 14 over his imposition of martial law, which lasted only hours but has triggered weeks of political turmoil, halted high-level diplomacy and rattled financial markets. Yoon’s fate now lies with the Constitutional Court, which has begun deliberations on whether to uphold the impeachment and formally remove Yoon from office or reinstate him.
To formally end Yoon’s presidency, at least six justices on the nine-member Constitutional Court must vote in favor.
The National Assembly voted last week to also impeach Prime Minister Han Duck-soo, who became acting president after Yoon’s powers were suspended, over his reluctance to fill three Constitutional Court vacancies ahead of the court’s review of Yoon’s case.
Facing growing pressure, the new acting president, Choi, appointed two new justices on Tuesday, which could increase the chances of the court upholding Yoon’s impeachment.
Yoon’s imposition of martial law ended after only six hours when the National Assembly voted 190-0 to lift it despite attempts by heavily armed soldiers to prevent them from voting.
Yoon has defended his martial law decree as a necessary act of governance, portraying it as a temporary warning against the Democratic Party, which he has described as an “anti-state” force obstructing his agenda with its legislative majority.
Supporters of impeached South Korean President Yoon Suk Yeol stage a rally to oppose a court having issued a warrant to detain Yoon, as police offices stand guard near the presidential residence in Seoul, South Korea, Friday, Jan. 3, 2025. The sign reads "Oppose Impeachment." (AP Photo/Lee Jin-man)
Police vehicles are seen near the gate of the presidential residence as supporters of impeached South Korean President Yoon Suk Yeol stage a rally to oppose a court having issued a warrant to detain Yoon, in Seoul, South Korea, Friday, Jan. 3, 2025. (AP Photo/Lee Jin-man)
Police officers arrive at the gate of the presidential residence as supporters of impeached South Korean President Yoon Suk Yeol stage a rally to oppose a court having issued a warrant to detain Yoon, in Seoul, South Korea, Friday, Jan. 3, 2025. (AP Photo/Lee Jin-man)
Investigators from the Corruption Investigation Office for High-ranking Officials arrive at the gate of the presidential residence as supporters of impeached South Korean President Yoon Suk Yeol stage a rally to oppose a court having issued a warrant to detain Yoon, in Seoul, South Korea, Friday, Jan. 3, 2025. (AP Photo/Lee Jin-man)
Police and barricades are placed in front of the gate of the presidential residence as supporters of impeached South Korean President Yoon Suk Yeol stage a rally to oppose a court having issued a warrant to detain Yoon, in Seoul, South Korea, Friday, Jan. 3, 2025. (AP Photo/Lee Jin-man)
Supporters of impeached South Korean President Yoon Suk Yeol stage a rally to oppose a court having issued a warrant to detain Yoon, as police offices stand guard near the presidential residence in Seoul, South Korea, Friday, Jan. 3, 2025. (AP Photo/Lee Jin-man)
Supporters of impeached South Korean President Yoon Suk Yeol stage a rally to oppose a court having issued a warrant to detain Yoon, as police offices stand guard near the presidential residence in Seoul, South Korea, Friday, Jan. 3, 2025. (AP Photo/Lee Jin-man)
Investigators from the Corruption Investigation Office for High-ranking Officials arrive at the gate of the presidential residence as supporters of impeached South Korean President Yoon Suk Yeol stage a rally to oppose a court having issued a warrant to detain Yoon, in Seoul, South Korea, Friday, Jan. 3, 2025. (AP Photo/Lee Jin-man)
Supporters of impeached South Korean President Yoon Suk Yeol stage a rally to oppose a court having issued a warrant to detain Yoon, as police offices stand guard near the presidential residence in Seoul, South Korea, Friday, Jan. 3, 2025. (AP Photo/Lee Jin-man)
Police officers drag away supporters of impeached South Korean President Yoon Suk Yeol as Yoon faces potential arrest after a court on Tuesday approved a warrant for his arrest, near the presidential residence in Seoul, South Korea, Thursday, Jan. 2, 2025. (AP Photo/Ahn Young-joon)
Supporters of impeached South Korean President Yoon Suk Yeol lie down on the ground as Yoon faces potential arrest after a court on Tuesday approved a warrant for his arrest, near the presidential residence in Seoul, South Korea, Thursday, Jan. 2, 2025. (AP Photo/Ahn Young-joon)
Supporters of impeached South Korean President Yoon Suk Yeol lie down on the ground as Yoon faces potential arrest after a court on Tuesday approved a warrant for his arrest, near the presidential residence in Seoul, South Korea, Thursday, Jan. 2, 2025. (AP Photo/Ahn Young-joon)
Supporters of impeached South Korean President Yoon Suk Yeol lie down on the ground as Yoon faces potential arrest after a court on Tuesday approved a warrant for his arrest, near the presidential residence in Seoul, South Korea, Thursday, Jan. 2, 2025. (AP Photo/Ahn Young-joon)
Police officers escort away a supporter of impeached South Korean President Yoon Suk Yeol as Yoon faces potential arrest after a court on Tuesday approved a warrant for his arrest, near the presidential residence in Seoul, South Korea, Thursday, Jan. 2, 2025. (AP Photo/Ahn Young-joon)
Supporters of impeached South Korean President Yoon Suk Yeol stage a rally to oppose a court having issued a warrant to detain Yoon, near the presidential residence in Seoul, South Korea, Thursday, Jan. 2, 2025. The signs read, "Oppose impeachment." (AP Photo/Ahn Young-joon)
Supporters of impeached South Korean President Yoon Suk Yeol stage a rally to oppose a court having issued a warrant to detain Yoon, near the presidential residence in Seoul, South Korea, Thursday, Jan. 2, 2025. The signs read, "Oppose impeachment." (AP Photo/Ahn Young-joon)
Supporters of impeached South Korean President Yoon Suk Yeol stage a rally to oppose a court having issued a warrant to detain Yoon, near the presidential residence in Seoul, South Korea, Thursday, Jan. 2, 2025. (AP Photo/Ahn Young-joon)
Supporters of impeached South Korean President Yoon Suk Yeol stage a rally to oppose a court having issued a warrant to detain Yoon, near the presidential residence in Seoul, South Korea, Thursday, Jan. 2, 2025. The signs read, "Oppose impeachment." (AP Photo/Ahn Young-joon)
Supporters of impeached South Korean President Yoon Suk Yeol stage a rally to oppose a court having issued a warrant to detain Yoon, near the presidential residence in Seoul, South Korea, Thursday, Jan. 2, 2025. The signs read, "Oppose impeachment." (AP Photo/Ahn Young-joon)
FILE - In this photo provided by the South Korean President Office, the country's President Yoon Suk Yeol speaks at the presidential residence in Seoul, South Korea, Dec. 14, 2024. (South Korean Presidential Office via AP, File)
