Geoff Burke-USA TODAY Sports Gerrit Cole is reportedly set to sign a deal a nine-year, $324 million deal with the New York Yankees. The deal gives him the highest annual salary for pitcher in MLB history, breaking the mark Stephen Strasburg set just a day before. When the ink is dry, Cole will be the first pitcher and just the fifth player in MLB history to sign a deal worth more than $300 million. Visit Business Insider's homepage for more stories. The New York Yankees have secured their ace. According to multiple reports, former Astros right-hander Gerrit Cole has agreed to a nine-year, $324 million deal with the Yankees that should keep him in pinstripes for a long time.See the rest of the story at Business InsiderNOW WATCH: 5 things about the NFL that football fans may not knowSee Also:Stephen Strasburg signed a record-setting $245 million deal, and some believe it means Gerrit Cole is about to be a $300 million pitcherThe Browns' 'Scottish Hammer' will watch his father fly over the stadium in a US Navy sub hunter before taking on the BengalsThe 49ers suspended an analyst after he said Ravens quarterback Lamar Jackson's 'dark skin color' made him good at fakes