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MLB Rumors: Yankees Offering Gerrit Cole Seven-Year, $245 Million Deal

Free agent pitcher Gerrit Cole is reportedly starting to receive record-setting offers as MLB's Winter Meetings await on Monday.

The New York Yankees have a seven-year, $245 million offer on the table for Cole, according to NY Times's Bob Klapisch. The $35 million average annual value would be a record, surpassing Zack Greinke's $34.4 AAV.

The reported offer sets the bar for other reported teams with interest in Cole, including the Los Angeles Dodgers and Angels. The offer may challenge other teams to offer more years on a deal, per Klapisch.

Here are the latest news and rumors around baseball:

• The Rangers are looking to sign third baseman Anthony Rendon, and there is a growing feeling that they're in a strong position to land the former Nationals star.