"They made their decision without even listening to our formal presentation, thus turning down an opportunity to play for the team we were led to believe was his dream team, receive his college scholarship paid in full, get the best care for his arm, and become an instant multimillionaire," Oppenheimer said.

The Yankees paid another Boras client, Andrew Brackman, $3.3 million to sign last summer. Cole's deal would have been in that neighborhood. The Yankees' offer included a full college scholarship.

Cole now says that his goal all along was to play college baseball. If that is true, he lied to the Yankees and cost them the ability to land a premium prospect.