By Nick Deeds | at
Reigning AL Cy Young award winner Gerrit Cole is crossing a major milestone as he prepares to return to the big leagues this week, as manager Aaron Boone told reporters (including MLB.com’s Bryan Hoch) that the veteran ace will begin a rehab assignment with Double-A Somerset on Tuesday.
On the heels of a dominant 2023 campaign where he pitched to a 2.63 ERA and 3.16 FIP in 33 starts on a Yankees team that largely struggled, the veteran right-hander appeared poised to once again contend for the AL Cy Young award at the front of the club’s rotation this year. Unfortunately, those plans were scuttled by a bout of elbow inflammation Cole suffered early in Spring Training. That diagnosis led to some early concern that Cole could be faced with surgery, though a meeting with noted surgeon Dr. Neal ElAttrache confirmed that the veteran would be able to avoid surgery. He’s been rehabbing with an eye toward returning prior to the All Star break since then, and today’s news puts him one step closer to that goal.
It’s delightful news for the Yankees, who entered the season with plenty of question marks in their rotation thanks in no small part to Cole being sidelined. Fortunately for fans in the Bronx, those questions have generally been answered with strong performance: the club’s rotation ERA of 2.73 ranks second only to the Phillies among all major league clubs thanks to bounceback campaigns from lefties Nestor Cortes and Carlos Rodon, quality performances from youngsters Clarke Schmidt and Luis Gil, as well as the stable veteran presence of Marcus Stroman. The rotation has been so effective to this point in the season that it actually raised the question of which of the club’s standout performers would be moved to the bullpen to accommodate Cole upon his eventual return.
That question was ultimately answered organically when Schmidt found himself sidelined by a strained lat last week. Schmidt’s injury has put renewed focus on Cole’s rehab process, and assuming all goes well it appears the club should have their ace back into the fold at the major league level in relatively short order. Given the fact that Cole made just one two-inning appearance during Spring Training this year, he’ll need plenty of time to build up to full strength before he returns to the big league mound. Even so, the right-hander could make several rehab starts over the coming weeks and still return to the big league Yankees before the end of the month as long as he avoids any setbacks.
Looking ahead, Cole will join a Yankees team that has taken control of the AL East with a 41-19 record that puts them two games ahead of the Orioles for first place in the division. That jump back into contention after a difficult 2023 season has come thanks to excellent performances from not only the starting rotation but also the club’s superstar outfield duo of Aaron Judge and Juan Soto. Now, the Yankees have the return of a third superstar to their roster to look forward to in the coming weeks in the form of Cole.
Looking ahead to the offseason, the 33-year-old will have the opportunity to opt out of the remaining four years and $144MM on his contract with the Yankees this winter. In the event that Cole decides to exercise that opt-out, the Yankees will have the opportunity to void it by tacking an addition year and $36MM to the end of his deal with the club, effectively bumping the remaining money on the deal to $180MM over five years. Cole’s agent, Scott Boras, discussed the upcoming opt-out back in December and indicated at the time that he expects both Cole to opt out of his end of the deal and the Yankees to void that decision by tacking on the aforementioned extra year.
Of course, that was before the right-hander’s elbow issues cropped up during Spring Training, and it’s at least possible that a tough season for Cole upon his return could lead either side to change their stance on the matter. For his part, Yankees chairman Hal Steinbrenner recently indicated to reporters that he does not consider the club’s current payroll level to be “sustainable,” though it’s unclear if that opinion would impact the club’s decision-making in the event that Cole opts out this winter.
