Yankees contract for $324M breaks baseball record

Former Houston Astros pitcher Gerrit Cole, 29, is now the richest pitcher in baseball, and his average annual salary is the highest of any pitcher in the sport.
1:43 | 12/11/19

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Transcript for Yankees contract for $324M breaks baseball record
Now to two big sports headlines. That stunning upset in college hoops and record-breaking baseball deal. Would better to share all this with us than T.J. Holmes. Far be it from me to tell any parent how to raise your kid but you got to get them in baseball, $324 million, the richest contract for a pitcher. That's gerrit Cole. You remember him from the Astros from the playoffs. He had a couple of stellar standout performances. The New York Yankees, yes, they made it their priority to go after that guy and got their guy. This is the richest contract in -- for a pitcher in history. It surpasses the old record that was held by Steven strasbourg. He held that for 24 hours, yes, on Monday strasbourg signed a record it $45 million. Now he is broke compared to gerrit Cole. He's not broke. You know -- Cole was a first round draft pick but decided to go to college. I'll hand out some to the college baseball teams. Do not get ranked number one because for the fourth time in the short season the number one has gone down. This happened last night, the Jimmy V classic. Louisville falling to Texas Tech. Check out the coach in the locker room. Don't hurt yourself. Now, they are unranked but that dude can coach. They were in the final four last year so congrats to them. Don't get ranked number one and get your kids in baseball. I love what T.J. Is having

This transcript has been automatically generated and may not be 100% accurate.

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