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Yankees rumblings of Gerrit Cole contract offer set off false alarm

SAN DIEGO — As the Manchester Grand Hyatt’s lobby started to fill with the baseball world on Sunday, a report surfaced the Yankees had made a contract offer to Gerrit Cole.

According to a person in the know, the report of a seven-year deal for $245 million by the Yankees to the most attractive free agent was not true.

The industry belief is the Yankees will make a very competitive offer to Cole, this after a Yankees contingent led by GM Brian Cashman flew last week from New York to Orange County, Calif. to meet with the ace.