Reports are the Yankees are offering Cole 7 years and $245 million. Not only would that break David Price's record 7-year, $217 million, but it would also break Zack Grienke's $34.4 average annual value (as this would have a AAV of $35 million per year). Hopefully, that's enough to get a deal done!
After the Strasburg deal it might be closer to $300 million.
