Derek Holland is not ready for a rehab assignment

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The hope was that Derek Holland would be cleared for a minor league rehab assignment if he showed enough progress with his surgically-repaired left knee during a workout today, but Rangers manager Ron Washington told Travis L. Brown of ESPN Dallas that he’s not ready yet.

Holland underwent microfracture knee surgery back in January. The final hurdle for a rehab assignment appears to be fielding his position. While the southpaw thinks he’s ready to pitch in games right now, he admitted that his leg was stiff today while covering first base and fielding bunts.

“I guess it just wasn’t as good,” Holland said. “It was their opinion. I’m going to go by them. They want to make sure everything is right. I do, too. I want it to be a one-time thing. I don’t want this to be a thing that I have to go back on the DL. I want to get it right the first time.”

Holland will focus on strengthening his leg for now and will be re-evaluated in two weeks. Washington doesn’t expect him to join the team’s rotation until after the All-Star break.

Report: Gerrit Cole has seven-year, $245 million offer from Yankees

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Bob Klapisch of The New York Times reports that free agent starter Gerrit Cole has a seven-year, $245 million contract offer on the table from the Yankees. As Klapisch also notes, the deal would set a record for total value and average annual value for a pitcher, besting Zack Greinke‘s $34.4 million AAV and David Price‘s $217 million total.

While it is possible that Cole signs before the end of the Winter Meetings on Thursday, clients of Scott Boras have tended to sign later in the offseason, so this may be a protracted process with today’s report as a jumping-off point. Both the Yankees’ and Angels’ front offices have received clearance from ownership to break the bank to sign Cole.

Cole, 29, could not have timed having a career year any better. During the regular season, he led all of baseball with 326 strikeouts and led the American League with a 2.50 ERA while also posting a 20-5 record and walking only 48 batters across 212 1/3 innings. He performed brilliantly in the playoffs as well, holding the opposition to seven runs on 21 hits and 11 walks with 47 strikeouts over 36 2/3 innings of work as the Astros narrowly missed out on winning another championship.

Cole is entering his age-29 season, so a deal of at least seven years would take him well into his mid-30’s. Teams, especially lately, have been hesitant to commit to pitchers, but as the Nationals showed with Max Scherzer and Patrick Corbin, sometimes it leads to a championship.

For what it’s worth, Bob Nightengale of USA TODAY Sports says the Yankees haven’t made a formal offer to Cole yet, though the club plans to make one this week. During this time of year, both sides — front office personnel and player agents — leak details to the press to help establish leverage. What we can generally take from this is that the Yankees are hot for Cole and he’s going to get a record-setting contract from some team, even if it’s not the Yankees.