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New York Yankees ace Gerrit Cole opted out of his contract Saturday, leaving the team with the ability to ensure he remains in pinstripes by adding an additional year at $36 million to the four years and $144 million that had been remaining on the contract, sources told ESPN.

Cole, 34, has been among the best pitchers in baseball over the course of his first five years with the Yankees, winning the American League Cy Young Award in 2023. After an elbow injury sidelined him for the first 2½ months of the 2024 season, he returned to make 17 starts, posting a 3.41 ERA and striking out 99 over 95 innings while walking 29 and allowing 11 home runs.

Cole’s opt-out comes days after he started a Game 5 loss in the World Series. Following four no-hit innings, the Los Angeles Dodgers scored five unearned runs off Cole, with two errors and a miscommunication between Cole and first baseman Anthony Rizzo leading to the deluge.

The Yankees have until Sunday night to invalidate Cole’s opt-out by making the remainder of his deal five years at $180 million, sources said.

The expectation is that the Yankees will add the $36 million to keep Cole at the top of their rotation and ensure that they don’t potentially lose multiple integral players, with star outfielder Juan Soto hitting free agency. Should New York decline its option to void Cole’s opt-out, Cole would join a strong class of starting pitchers that includes Corbin Burnes and Blake Snell — also represented by Cole’s agent, Scott Boras — Max Fried, Jack Flaherty, Walker Buehler, Yusei Kikuchi, Nick Pivetta, Luis Severino and Sean Manaea, who opted out of his deal with the New York Mets and will be a free agent, according to sources.

Before the 2020 season, Cole signed the largest free agent contract ever for a pitcher: nine years and $324 million. He finished fourth in Cy Young voting during the COVID-shortened 2020 season, second in 2021 and ninth in 2022 before winning the award in 2023, posting an AL-best 2.63 ERA with a league-high 209 innings.

An elbow injury sustained in spring training this year delayed Cole’s debut until June 19. While his average fastball velocity dipped by about 1 mph from last year and 2 mph from 2022, Cole’s five-pitch mix — which includes a curveball, slider, cutter and changeup — remained effective.

In five postseason starts this year, Cole posted a 2.17 ERA over 29 innings with 22 strikeouts, 10 walks and 1 home run allowed. Over his career, Cole is 11-6 with a 2.77 ERA in 22 playoff starts.

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Panthers handle Leafs, seal 3rd ECF trip in row

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Panthers handle Leafs, seal 3rd ECF trip in row

TORONTO — A three-goal second period broke open a tight game, quieted a raucous crowd at Scotiabank Arena, and powered the Florida Panthers past the Toronto Maple Leafs 6-1 in Game 7 of this Eastern Conference semifinal series on Sunday night.

Though it wasn’t the typical marquee names you see on the Florida scoresheet, Seth Jones, Anton Lundell and Jonah Gadjovich combined for those tallies, giving the Stanley Cup-champion Panthers a 3-0 lead headed into the third period. It was plenty of room for Florida to shut the door in the third period and seal a berth in the Eastern Conference finals for the third consecutive season. Florida will take on the Carolina Hurricanes in Round 3 beginning Tuesday.

The Maple Leafs, 2-0 winners in Game 6 Friday night in Sunrise, Florida, could not find enough time and space to operate in the Panthers’ zone. With 10 minutes left in regulation, Toronto had just 14 shots on net, with its season on the line, as boos rained down from the capacity crowd.

Eetu Luostarinen and Sam Reinhart chipped in with third-period goals for Florida, giving the champions a 5-1 lead after Toronto’s Max Domi scored at 2:07 of the final frame to briefly give the home team hope. Florida’s Brad Marchand added an empty-net goal to conclude the scoring.

“We’re excited about the opportunity,” Marchand said during the game broadcast on SportsNet. “We’re having fun, enjoying the moment, that’s all you can do. You don’t get a second chance at these opportunities. You just have to embrace and enjoy it.”

Goaltender Joseph Woll, who authored the shutout in Sunrise on Friday, struggled at home, looking out of position on several Florida goals. Anthony Stolarz, Toronto’s regular starter who had been sidelined since Game 1 with an undisclosed injury, was active and on the bench as Toronto’s backup for Game 7, but he was not called upon.

Florida goaltender Sergei Bobrovsky was much sharper on the other end of the ice, allowing only Domi’s goal off a wrist shot on a clean entry into the zone. Bobrovsky, who has started every postseason game for the Panthers this season, was playing in his first Game 7 since he led the Panthers to the Stanley Cup last June with a victory over the Edmonton Oilers in the series’ last game.

Jones, in his first season with Florida and seeking his first shot at the Stanley Cup, opened the scoring with his third goal of the postseason.

“I’m just happy with the situation I’m in,” Jones said on TNT’s postgame show. “Hopefully, my game can grow, and I’m just trying to bring what I can to the table with this team. I’m playing with a lot of great players, and these guys know what it takes to win.”

The game was delayed in the second period, just before Florida’s goal-scoring spree, after referee Chris Rooney, widely considered to be one of the top officials in the NHL, was bloodied and had to leave. The longtime referee was hit by an inadvertent stick to the face.

The play happened 13 seconds into the second period, when Florida’s Niko Mikkola was jousting for the puck and his stick went into Rooney’s face. Rooney skated off with some assistance and with a towel covering much of his face as he was brought to the locker room area for further evaluation and treatment.

The NHL has stand-by officials at playoff games, and Garrett Rank took over as one of the two referees following Rooney’s injury, joining a crew that also included referee Jean Hebert and linespersons Devin Berg and Jonny Murray.

The Associated Press contributed to this report.

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Referee Rooney leaves Game 7 after stick to face

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Referee Rooney leaves Game 7 after stick to face

TORONTO — Referee Chris Rooney, widely considered to be one of the top officials in the NHL, was bloodied and had to leave Game 7 of the Florida PanthersToronto Maple Leafs playoff matchup Sunday night after taking an inadvertent stick above one of his eyes.

The play happened 13 seconds into the second period of the Panthers’ 6-1 win when Florida’s Niko Mikkola was jousting for the puck and his stick hit Rooney’s face.

The game was stopped for several minutes and a stretcher was brought onto the ice, but Rooney skated off with some assistance and with a towel covering much of his face as he was brought to the locker room area for further evaluation and treatment.

Rooney got stitches and was ruled out for the remainder of the game.

The NHL has standby officials at playoff games, and Garrett Rank took over as one of the two referees following Rooney’s injury, joining a crew that also included referee Jean Hebert and linesmen Devin Berg and Jonny Murray.

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Follow live: Panthers, Leafs battle to advance to Eastern Conference finals

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