A newly clean-shaven Cole is set to be introduced at a press conference today. The club has not confirmed the financial details of the arrangement — it’s reported to come with an eye-popping $324MM guarantee — but did announce the nine-year term of the deal and the post-2024 opt-out opportunity.
As for Adams, 25, he has been with the Yankees organization since he was selected in the fifth round of the 2015 draft. He struggled in his early MLB opportunities, allowing 30 earned runs in just 33 frames over the past two seasons. Adams has spent most of the past three campaigns at the Triple-A level, where he owns a 4.04 ERA with 8.6 K/9 and 4.0 BB/9. The righty once ranked among the organization’s top five prospects and, prior to the 2017 season, was ranked as the No. 81 prospect in the game by Baseball America. Things clearly haven’t panned out as hoped, but Adams does have a minor league option remaining and could hold some appeal to rebuilding clubs in need of pitching depth.