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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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Brewers’ Montas, Rea headed to free agency

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Brewers' Montas, Rea headed to free agency

MILWAUKEE — The Brewers‘ starting rotation could have a new look next season with right-handers Frankie Montas and Colin Rea heading into free agency.

The Brewers announced Monday that Montas had declined his part of a $20 million mutual option for 2025. The Brewers turned down the $5.5 million club option on Rea’s contract.

Montas receives a $2 million buyout and Rea gets a $1 million buyout.

In other moves Monday, right-hander Kevin Herget was claimed off waivers by the New York Mets, and left-hander Rob Zastryzny was claimed off waivers by the Chicago Cubs. First baseman Jake Bauers and right-hander Bryse Wilson cleared waivers and were sent outright to Triple-A Nashville.

Montas, 31, had a combined 7-11 record with a 4.84 ERA and 148 strikeouts over 150⅔ innings in 30 starts for the Cincinnati Reds and Brewers this season. He was 3-3 with a 4.55 ERA in 11 starts for the Brewers, who acquired him just before the trade deadline.

Rea, 34, was 12-6 with a 4.28 ERA this season in 32 appearances, including 27 starts. He struck out 135 in 167⅔ innings. Rea had an 8.31 ERA in September and was left off the Brewers’ NL Wild Card Series roster.

Herget, 33, had no record with one save and a 1.59 ERA in seven appearances with Milwaukee this year. He was 5-1 with four saves and a 2.27 ERA in 38 relief outings with Triple-A Nashville.

Zastryzny, 32, was 1-0 with a 1.17 ERA in nine appearances with Milwaukee. He pitched in 30 games with Nashville and went 4-0 with a 3.03 ERA.

The 29-year-old Bauers batted .199 with a .301 on-base percentage, 12 homers and 43 RBIs in 116 games this season. He also hit a seventh-inning homer that broke a scoreless tie in the decisive Game 3 of the Wild Card Series with the Mets, who rallied in the ninth to win 4-2.

Wilson, who turns 27 on Dec. 20, went 5-4 with a 4.04 ERA in 34 appearances, including nine starts.

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Maton hits free agency after Mets decline option

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Maton hits free agency after Mets decline option

SAN ANTONIO — Right-hander Phil Maton became a free agent Monday after the New York Mets declined his $7,775,000 option in favor of a $250,000 buyout.

The 31-year-old was 2-1 with a 2.51 ERA in his first season with New York, which acquired him from Tampa Bay on July 9. Maton was 3-3 with a 3.66 ERA in a career-high 71 games overall and had a $6.25 million salary.

New York also announced left-hander Sean Manaea declined his $13.5 million option to become a free agent for the third consecutive offseason. Manaea agreed to a contract in January that included a $14.5 million salary for 2024, and the 32-year-old went 12-6 with a 3.47 ERA in 32 starts, striking out 184 and walking 63 in 181⅔ innings.

After dropping his arm slot in midseason, he became the Mets most effective starting pitcher and went 6-2 with a 3.09 ERA.

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Rangers All-Star P Eovaldi declines $20M option

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Rangers All-Star P Eovaldi declines M option

Two-time All-Star starter Nathan Eovaldi became a free agent Monday after declining a vested $20 million player option for next season with the Texas Rangers.

Eovaldi will get a $2 million buyout from that option earned by throwing more than 300 innings over his two years with the Rangers after joining them in free agency. He was the winning pitcher in their World Series-clinching game at Arizona in 2023, when he was 5-0 with a 2.95 ERA in six postseason starts. He was also part of Boston’s 2018 title.

The Rangers had expected Eovaldi to decline the option, but would still like to re-sign the 34-year-old right-hander and Texas native.

“We still have great interest in bringing him back,” said Chris Young, the team’s president of baseball operations. “We’re still going to work towards hopefully getting him back in the Rangers uniform.”

Texas declined a $6.5 million team option for Andrew Chafin, a left-handed reliever acquired from Detroit in a deadline trade. Chafin got a $500,000 buyout and became a free agent after 62 combined appearances in 2024 that triggered $625,000 in bonuses on top of his $4.75 million salary, plus a $250,000 assignment bonus for the trade.

Eovaldi was 24-13 with a 3.72 ERA in 54 starts the past two seasons, and had 298 strikeouts over 314 2/3 innings. He was 12-8 with a 3.80 ERA in 29 starts this year. He threw seven scoreless innings at the Los Angeles Angels to win the season finale for the Rangers, who finished 78-84 and missed the playoffs.

Texas was the sixth big league team for Eovaldi, who is 91-81 with a 4.07 ERA in 294 career games (275 starts) since his debut in 2011 with the Los Angeles Dodgers. Besides Boston, he also has pitched for Miami, the New York Yankees and Tampa Bay.

His $34 million deal with the Rangers included a $16 million salary each of the past two seasons, and a $2 million signing bonus. He also earned multiple bonuses for being an All-Star in 2023 and reaching certain levels of innings pitched.

Three-time Cy Young Award winner Max Scherzer and left-hander Andrew Heaney, who made a team-high 31 starts, are also free agents.

The Rangers still have two-time Cy Young Award winner Jacob deGrom and Tyler Mahle under contract after both made three starts at the end of last season after recovering from elbow surgery in 2023. Jon Gray has one more season left on his four-year deal, and former first-round draft picks Jack Leiter and Kumar Rocker made their big league debuts this year.

Chafin, who pitched in 21 games for the Rangers, is the fifth Texas reliever to become a free agent. He joined four right-handers: All-Star closer Kirby Yates, veteran David Robertson, José Leclerc and José Ureña in free agency. The 39-year-old Robertson on Saturday declined a $7 million mutual option, triggering a $1.5 million buyout.

Seager recovery

Young said two-time World Series MVP Corey Seager is recovering “nicely” from his second hernia surgery in less than eight months.

Seager’s season ended in September after he had a right sports hernia repair, on the opposite side of his abdomen from the Jan. 30 procedure. Seager missed most of spring training and did not play in his first exhibition game until March 23.

“I believe he’s close to resuming a normal offseason and his normal strength and conditioning program,” Young said.

Seager was ready for the March 28 opener in his third season of a $325 million, 10-year contract. The 30-year-old shortstop hit .278 with 30 homers and 74 RBI in 123 games before going on the injured list Sept. 4 with right hip discomfort.

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