The Yankees essentially called Cole on his bluff and declined to add the extra year, which ultimately led to Cole rescinding the opt-out and never testing free agency.

TAMPA, Fla. — Gerrit Cole says he always intended to remain with the New York Yankees. The 34-year-old right-hander exercised his right to opt out of his contract on the third day after the World Series, giving up $144 million over four years and starting a two-day window for the team to void the opt by adding a $36 million salary for 2029.