ESPN's Jeff Passan was the first to report that free-agent pitcher Gerrit Cole signed a robust nine year, $324 million dollar contract with the New York Yankees.
It's a massive contract that sees Cole taking home approximately $36 million per season over the next nine years. The 29-year-old will be just one million dollars shy of collecting the same amount of money as his new teammate outfielder Giancarlo Stanton. The Yankee outfielder takes home a cool $325 million dollars after his contract with the Bronx Bombers runs its course.
Seeing such a lucrative contract signing is becoming more commonplace within baseball in recent years.
Just last season it was an arms race in Major League Baseball as teams were gunning for the services of Manny Machado and Bryce Harper.
Machado landed with the San Diego Padres for $300-million and Harper joined the Philadelphia Phillies for a price tag of $330 million dollars.
In the event that Cole is in need of a financial advisor, we've taken the liberty of spending his new contract for him. Here are three things that Gerrit Cole can buy with his reported $324-million dollar deal with the Yankees.
Pay tuition at Harvard
According to the Harvard University Student Handbook, tuition along with room and board tally around $69,607. Should a student attend Harvard for four years, that is roughly $278,428 in costs.
Divide Cole's 324-million into that number and he can afford to send 1,164 students to Cambridge to earn a bachelor's degree.
Purchase Andrea Bocelli tickets at Madison Square Garden
Famed singer Andrea Bocelli is scheduled to play in the Big Apple in the coming months. We took the liberty of crunching some numbers on resale websites to find out how much Cole can spend on tickets. The average price for a ticket to see Bocelli is going for roughly $327 dollars.
Madison Square Garden seats 20,789.
Meaning that at the average price of $327 per ticket, Cole can sell out an Andrea Bocelli at MSG nearly 48 times over.
Finance the creation of James Cameron's Avatar
The 2009 blockbuster Avatar cost a whopping $237 million dollars to make and it grossed over $2.79 billion during its run at the box office.
Under his new contract Cole could afford to finance the creation of the James Cameron masterpiece and still have a healthy $88 million left over in his wallet afterwards.
We've complied some unique ways to spend Gerrit Cole's new contract but we'd be interested in finding out how you'd spend all that money.
Let us know or shoot me a tweet @schudel_ralph and let me know what you'd do with the money.