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Yankees Rumors: Gerrit Cole Record Contract Offer Approved by Owners

The New York Yankees have "ownership-level approval" to offer Gerrit Cole a record-breaking contract in free agency, according to ESPN's Jeff Passan.

Passan added the Yankees identified Cole as "their clear offseason priority."

David Price's seven-year, $217 million contract with the Boston Red Sox remains the biggest given to a free-agent pitcher.

This article will be updated to provide more information on this story as it becomes available.

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