The New York Yankees, Los Angeles Angels, and Los Angeles Dodgers are the three favorites, reports Passan. The Texas Rangers and Philadelphia Phillies are also working to recruit the right-hander, according to Jon Heyman of MLB Network.
Heyman reports the Yankees' "total focus" is on Cole. Members of New York's front office met with the 29-year-old ace and have reportedly received approval from ownership to offer him a record-setting contract.
Cole is coming off an incredible campaign that saw him finish as the runner-up to Houston Astros teammate Justin Verlander for the American League Cy Young award. The three-time All-Star authored a 2.50 ERA and 2.64 FIP over 212 1/3 innings in 2019, leading the majors in strikeouts and ERA+.