The New York Yankees offered Gerrit Cole a seven-year, $245 million contract in free agency, according to Bob Klapisch of the New York Times.
ESPN's Jeff Passan reported Thursday that general manager Brian Cashman had received "ownership-level approval" to put a record-breaking contract on the table for the American League Cy Young runner-up. David Price's seven-year, $217 million deal remains the biggest for a free-agent pitcher.
This article will be updated to provide more information on this story as it becomes available.
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