2011 Draft

Gerrit Cole Wants Strasburg Money

Gerrit Cole Wants Strasburg Money

You had to know this was coming.  According to Jon Heyman, top overall pick Gerrit Cole wants something close to Stephen Strasburg’s record setting $15.067 M contract.  The contract for Strasburg was a major league deal, with a $7.5 M bonus, and the rest paid between 2009 and 2012.

This isn’t unusual.  Scott Boras is the adviser for Cole, and Boras usually picks out the biggest contract in history as a starting point for his negotiations.  As an example, for years, college hitters represented by Boras have been said to want Mark Teixeira money ($9.5 M major league deal).  Inevitably, the price comes down.  Pedro Alvarez got the Mark Teixeira reference, and ended up signing for $6.335 M, after all of the fuss about the post-deadline signing calmed down.

My guess on Cole in the past has been that he will receive David Price money.  Price was the first overall pick in the 2007 draft, and received an $8.5 M deal, with a $5.6 M signing bonus.  I don’t think Cole’s deal will be six years long, but will instead be shorter, meaning more money in the long term (as he wouldn’t risk any of his arbitration years being replaced with money from his draft signing).  We’ve already seen one player accept a major league deal, and that was Cole’s teammate Trevor Bauer, who accepted a $7.4 M major league deal with a $3.5 M bonus.  That deal could mean that Cole will receive around $10 M overall, rather than the $8.5 M that Price received in 2007.

2011 Draft

Tim is the owner and editor in chief of Pirates Prospects. He started the site in January 2009, and turned it into his full time job during the 2011 season. Prior to starting Pirates Prospects, Tim worked with AccuScore.com, providing MLB, NHL, and NFL coverage to various national media outlets, including ESPN Insider, USA Today, Yahoo Sports, and the Wall Street Journal. He also writes the annual Prospect Guide, which is sold through the site. Tim lives in Bradenton, where he provides live coverage all year of Spring Training, mini camp, instructs, the Bradenton Marauders, and the GCL Pirates.

More in 2011 Draft

Who Wants To Be A $1.2 Millionaire?

Kevin CreaghAugust 17, 2011

2011 Draft Recap: Don’t Draft Me

Tim WilliamsAugust 16, 2011

Minor League Contract FAQs

Tim WilliamsAugust 16, 2011

Pirates Sign Gerrit Cole and Josh Bell

Tim WilliamsAugust 16, 2011

Going to College: Aaron Brown and Joel Bennett

Tim WilliamsAugust 15, 2011

Draft Updates: One Hour To Go

Tim WilliamsAugust 15, 2011

Pirates Prospects is an independent media outlet, and is in no way affiliated with the Pittsburgh Pirates, their minor league affiliates, Major League Baseball, or Minor League Baseball.

Copyright © 2017 Pirates Prospects