Now, the Yankees have a lost year-plus with Cole, who will aim to return when he’s 35. According to ESPN MLB insider Buster Olney, the Yankees could recoup around 75% of Cole’s contract after taking out insurance, but the $36 million annually (for four more years) will still count against their luxury tax.

The Yankees won't have Gerrit Cole on the mound this year, but will still have him on the payroll. See how much he'll make as he recovers from surgery.

The New York Yankees could trade for St. Louis Cardinals pitcher Erick Fedde to help lessen the blow of losing Gerrit Cole for the season.