Net Worth Ranker
What Is Gerrit Cole Net Worth’ Net Worth?
As of March 2025, Gerrit Cole’s net worth is estimated to be around $50 million. This figure is primarily composed of his earnings as a professional baseball player, including his lucrative MLB contracts and endorsements. Cole has amassed significant wealth through his talent and dedication to the sport.
Gerrit Cole’s Contract and Salary Details
Gerrit Cole signed a landmark nine-year, $324 million contract with the New York Yankees in December 2019. This contract guarantees him the full $324 million, with an average annual salary of $36 million. This figure set an MLB record at the time of signing. There was no signing bonus included in the contract. In 2025, Cole will earn a base salary of $36 million. Through the 2024 season, Cole’s total career earnings are estimated at $228,222,046. He will continue to earn $36 million per year through 2028 and would enter free agency in 2029. The Yankees had the option to retain him by triggering a 10th year worth $36 million tacked on to the end of his current deal. Cole also has a full no-trade clause in his contract.
Early Life and Career Beginnings
Born on September 8, 1990, in Newport Beach, California, Gerrit Alan Cole’s journey to becoming a baseball star began early. He played baseball at Orange Lutheran High School and was drafted by the New York Yankees in the first round (28th overall) of the 2008 MLB draft. However, he chose not to sign with the Yankees at that time. Instead, Cole attended the University of California, Los Angeles (UCLA), where he played college baseball for the UCLA Bruins from 2009 to 2011. In 2011, he was drafted #1 overall by the Pittsburgh Pirates, receiving an $8 million signing bonus, before making his MLB debut in 2013.
MLB Career Highlights and Earnings
Gerrit Cole’s MLB career has been marked by several milestones and significant earnings. He played for the Pittsburgh Pirates from 2013 to 2017, earning $3,750,000 in 2017. He was traded to the Houston Astros, where he signed a one-year deal for $6.75 million in 2018 and $13.5 million in 2019. Cole was an MLB All-Star in 2015, 2018, and 2019. He led the American League in ERA and MLB in strikeouts in 2019, achieving 326 strikeouts. In 2019, he became the 18th player in MLB history to strike out at least 300 batters in a single season. In 2023, Cole went 15-4 with a 2.63 ERA and 222 strikeouts. He won the AL Cy Young Award in 2023.
Endorsements and Other Ventures
Gerrit Cole’s endorsement portfolio includes partnerships with notable brands such as Rawlings, a leading sports equipment company specializing in baseball and softball gear. While his endorsement income is significant, it constitutes a smaller portion of his total earnings compared to some of his MLB peers. As of 2024, Gerrit Cole’s annual endorsement earnings are estimated at approximately $2 million. In 2022, Cole also had a deal with Nike.
Philanthropic Activities
Gerrit Cole and his wife, Amy, are the founders of the Gerrit & Amy Cole Foundation, which aims to improve the lives of children in America. The foundation focuses on providing support for pediatric cancer research, education, food, athletic pursuits, and cultural and arts programs. The foundation contributes to several charities, including CHOC Children’s Hospital, MaxLove Project, No Kid Hungry, Lance McCullers Jr. Foundation, 4ALs, and Uncork for a Cause.
Real Estate
In early February 2020, Gerrit Cole purchased a home in Greenwich, CT, for $5,550,000. This three-story Colonial-style mansion, designed by architect Cormac Byrne in 2016, is located about 30 minutes from Yankee Stadium. The house features five bedrooms, 6.5 bathrooms, and nearly 9,000 square feet, set on 2 acres. It includes a saltwater heated pool with spa, a terrace with an outdoor fireplace, and an outdoor kitchen and dining area. The interior boasts a grand two-story entryway, a formal living room, a gourmet kitchen with a breakfast nook, and a luxurious master suite. Cole also maintains a five-bedroom home in his hometown of Newport Beach, CA.
Personal Life and Lifestyle
Despite his substantial wealth, Gerrit Cole is known for his prudent financial decisions. He continued to drive his first car, a 2006 Toyota Tacoma, for a time after signing his $324 million contract with the New York Yankees in 2019. Cole is married to Amy Crawford, a former UCLA softball player and the sister of Brandon Crawford, a professional baseball player. Cole’s Cy Young Award is displayed in his home office.
