Gerrit Cole gave up his opt-out right and will remain with the New York Yankees under a contract that runs through 2028 rather than become a free agent

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, the team confirmed late in the day. 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,

New York Yankees ace Gerrit Cole is staying in town. Cole will remain with the Yankees on the original four-year, $144 million deal he had remaining on his contract, despite opting out, reports ESPN.