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Yankees' Cole hasn't thought about 2024 opt-out

Julio Aguilar / Getty Images Sport / Getty

New York Yankees ace Gerrit Cole has yet to consider whether to opt out of his contract following the 2024 season.

"I'll have more years (on the contract) then, and at some point, there's probably some math involved," Cole said Monday, according to Dan Martin of the New York Post.

He added, "(The opt-out is) in there. Both sides agreed to it, so it's in there."

Cole can opt out of the last four years and $144 million of the record nine-year, $324-million pact he inked with the Yankees ahead of the 2020 season.

The Yankees can nullify the opt-out clause if they tack on an additional year and $36 million to the existing contract.

The right-hander has been excellent in three seasons with the Yankees. Cole made a pair of All-Star appearances and finished second in AL Cy Young voting in 2021. He owns a 36-19 record with a 3.28 ERA and 594 strikeouts across 455 innings (75 starts) as a Yankee.

Cole acknowledged that he feels a sense of unfinished business with the Yankees.

"It's probably (going to) come down to what my family wants to do and where we're at at that point," Cole said. "But we've got a lot more work to do here first."

The Yankees qualified for the postseason in each of Cole's three campaigns with the team but failed to advance to the World Series.

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