Gerrit Cole gave up his opt-out right and will remain with the New York Yankees under a contract that runs through 2028 rather than become a free agent. New York’s ace initially exercised his right to terminate the $324 million, nine-year contract, which has $144 million and four years remaining. That decision triggered a two-day window for the Yankees to add a $36 million salary for 2029, which would void the opt out. Given the short time frame after the team’s World Series-ending loss Wednesday night, both sides extended the bargaining period until 5 p.m. EST Monday, the deadline for option decisions in the collective bargaining agreement.