Report: Yankees' Gerrit Cole opts out of contract

(Photo credit: Brad Penner-Imagn Images)
With Gerrit Cole opting out of the remaining four years and $144 million on his contract, the New York Yankees can retain their ace by adding an additional year and $36 million to his nine-year, $324 million deal, ESPN reported on Saturday.

Cole, 34, opted out less than a week after losing the World Series-clinching Game 5 to the Los Angeles Dodgers. The veteran right-hander held