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Post by yankeesfaninboston on Nov 4, 2024 17:01:19 GMT -5
If they're going to do some funky math with a Cole extension to lower the current tax bill but lock in a guy in his late 30s down the line, I hope they actually make good use of those savings now. Really go ALL IN to get over the hump with this group. What I DON'T want is for them to still only go "half way" in and just use this for a little payroll relief but at the cost of locking in more washed up salary down the line that keeps us in the same cycle of always having too much dead weight payroll on the books to go all in and spend our way out of Cashman's poor roster construction.
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Post by Max on Nov 4, 2024 17:38:52 GMT -5
Heyman just tweeted that Yanks and Cole are making positive steps toward a reunion. Sounds like it may be a bit more complicated than a simple y/n on the option? Maybe they are doing what I was wondering about earlier, about the Yankees not picking up Cole's option and letting him become a free agent just long enough to sign a new contract with the Yankees that defers some of the money. |
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Post by Max on Nov 4, 2024 17:39:59 GMT -5
Sounds like maybe they re-worked the deal? Hope he made himself more luxury tax friendly.
That would be great news. |
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Post by cocopugg on Nov 4, 2024 18:30:08 GMT -5
Sounds like maybe they re-worked the deal? Hope he made himself more luxury tax friendly.
That would be great news. It seems the Yankees declined the opt out offer to pay Cole an extra $36 million for a 5th year (which was a smart move on Yankee management part), and probably in an act to save Cole some humility, they allowed Cole to remain on the team if he accepted the the original deal, as if he hadn't triggered the opt out clause in the first place. This was a smart move by both parties!
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Post by 1955nyyfan on Nov 4, 2024 19:16:01 GMT -5
That would be great news. It seems the Yankees declined the the opt out offer to pay Cole an extra $36 million for a 5th year (which was a smart move on Yankee management part), and probably in an act to save Cole some humility, they allowed Cole to remain on the team if he accepted the the original deal, as if he hadn't triggered the opt out clause in the first place. This was a smart move by both parties!
That's a theory but I don't think that is what is happening but of course I could be wrong. The announcement said they agreed to work on the extension later and I think you will see an extension that looks different than the 1 year $36mm that was called for in the contract. I think it might be more years added at a lower AAV. Time will tell. |
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Post by desousa on Nov 4, 2024 19:29:48 GMT -5
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Post by kaybli on Nov 4, 2024 19:45:33 GMT -5
Playing with fire that Cole didn't get pissed and just leave to spite the Yankees for not adding on the extra year. Or maybe taking advantage of the fact the Cole wanted to remain a Yankee. Luckily it worked out though. |
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Post by bumper on Nov 4, 2024 20:30:36 GMT -5
Playing with fire that Cole didn't get pissed and just leave to spite the Yankees for not adding on the extra year. Or maybe taking advantage of the fact the Cole wanted to remain a Yankee. Luckily it worked out though. agree. whole thing was rather strange. cole opts out. yankees say no and cole accepts as the yankees call his bluff. not sure what they're working on because they were uncomfortable adding another year. anyway glad he's staying. |
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Post by chiyankee on Nov 4, 2024 20:50:04 GMT -5
Playing with fire that Cole didn't get pissed and just leave to spite the Yankees for not adding on the extra year. Or maybe taking advantage of the fact the Cole wanted to remain a Yankee. Luckily it worked out though. I think Cole wanted to stay and 36 million a year for the next 4 isn't shabby.  |
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Post by JEGnj on Nov 4, 2024 20:57:23 GMT -5
Don't be so smug Cashman. When Cole was a FA he was the best available. The Yankees wanted him and he wanted the Yankees. The Yankees still wanted Cole and Cole still wanted the Yankees. |
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Post by topher0713 on Nov 4, 2024 20:57:30 GMT -5
I think they are going to back load and sign bonus a new contract to open up payroll space. 4 year contract and in 2 years when the Stanton deal is over there will be relief.
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Post by 1955nyyfan on Nov 4, 2024 21:33:50 GMT -5
It seems the Yankees declined the the opt out offer to pay Cole an extra $36 million for a 5th year (which was a smart move on Yankee management part), and probably in an act to save Cole some humility, they allowed Cole to remain on the team if he accepted the the original deal, as if he hadn't triggered the opt out clause in the first place. This was a smart move by both parties!
That's a theory but I don't think that is what is happening but of course I could be wrong. The announcement said they agreed to work on the extension later and I think you will see an extension that looks different than the 1 year $36mm that was called for in the contract. I think it might be more years added at a lower AAV. Time will tell. Wow, looks like I was wrong. I thought the original release said negotiations would be held later. If what is being reported is true it appears Cole valued staying in NY more than he did chasing a new contract with possibly more years. Coco looks like you called it. |
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Post by bomberhojoe on Nov 4, 2024 21:54:59 GMT -5
Don't be so smug Cashman. When Cole was a FA he was the best available. The Yankees wanted him and he wanted the Yankees. The Yankees still wanted Cole and Cole still wanted the Yankees. Signing Cole when they originally did was a no brainer and it is again now. No reason for Cashman to take a bow, he would have been a fool not too either time. |
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Post by cocopugg on Nov 4, 2024 22:06:04 GMT -5
That's a theory but I don't think that is what is happening but of course I could be wrong. The announcement said they agreed to work on the extension later and I think you will see an extension that looks different than the 1 year $36mm that was called for in the contract. I think it might be more years added at a lower AAV. Time will tell. Wow, looks like I was wrong. I thought the original release said negotiations would be held later. If what is being reported is true it appears Cole valued staying in NY more than he did chasing a new contract with possibly more years. Coco looks like you called it. 1955, my personal guess is that it was Boras who most likely suggested to Cole to opt out, to see if the Yankees would jump immediately and add on the 5th yr at an extra $36 million. When the clock kept ticking, and they didn't hear anything from Yankee management, Cole probably thought twice about his move, and he decided to backtrack. Let's face it, Cole is already rich with his Yankees contract, but there comes a time in an athlete's career when after they've already made the money they wanted, their pride kicks in, and they look for personal satisfaction in their career. Since the Yankees came close this year to winning it all, I'm sure Cole still hungers for that elusive championship ring that he's missed out on twice already...once with the Astros, and now with the team he always wanted to play for, the Yankees. Somehow, I feel if the Yankees had won the World Series this year, that bluff Cole and Boras just tried to pull on the Yankees, might've gone a little further, but hungering for a world championship title, Cole decided to stay put, and keep trying to win it all, on the team he always wanted to play for. Maybe sometimes NOT winning it all can be a pretty good motivation factor! |
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stu
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Post by stu on Nov 5, 2024 7:24:07 GMT -5
Don't be so smug Cashman. When Cole was a FA he was the best available. The Yankees wanted him and he wanted the Yankees. The Yankees still wanted Cole and Cole still wanted the Yankees. Signing Cole when they originally did was a no brainer and it is again now. No reason for Cashman to take a bow, he would have been a fool not too either time. It seems like the more this story has developed that Cashman/Hal played chicken with Cole and won. Cole tried for the extra year, the Yankees said "nope" and let the clock run. Rather than hit the open market Cole decided to rescind the opt out and stay. So in effect they avoided being tied to him for 36 million when he's 38 years old. Seems like a win for the Yankees. I could see giving him another year+ if the deal was restructured to count for less against the luxury tax, but as quotes came out after the fact from Cashman it doesn't sound like they're going to do that. Did Cole think his value on the open market wasn't any better than the remaining 4 years he has left? And/or want to remain a Yankee? Is he worried about what his medicals might show? |
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