The New York Mets have been pursuing ways to create more payroll space this winter, including shopping around Jed Lowrie and Jeurys Familia with the intent of dumping their contracts. The Mets, at least for the time being, have arrived at a different solution. On Friday, the Mets reached an agreement on an amended contract with outfielder Yoenis Cespedes that will “significantly lower” his salary from .5 million, according to Jeff Passan of ESPN. The team has since announced the agreement.
- 2019 salary reduced from $29 million to $22.9 million.
- Cespedes gets a $6 million base salary for 2020, but that will increase to $11 million if he doesn’t start the season on the injured list with a foot or ankle injury.
- $9 million in incentives tied to plate appearances: $250,000 each for 200, 250, and 275; $500,000 each for 300, 350, 375, and 400; $750,000 each for 425, 450, and 475; and $1 million each for 525, 550, 575, and 650.
- $3.5 million in awards bonuses: $500,00 for All-Star Game selection; $750,000 for Gold Glove; $750,000 for Silver Slugger; $500,000 each for LCS and World Series MVP; $1 million for MVP win, $250,000 for second place, $100,000 for third place, $50,000 for fourth place, and $25,000 for fifth place.
- $2 million assignment bonus if traded to an American League team and $500,000 if traded to a National League team.
Here are the new terms of Cespedes’ contract, per the Associated Press:
Cespedes signed a four-year deal worth 0 million with the Mets after the 2016 season. He’s dealt with injury woes throughout the life of the contract, appearing in just 119 games since. When he has played, he’s been highly productive, hitting for a 132 OPS+. Both Major League Baseball and the union were involved in the process, according to the New York Post’s Joel Sherman. The deal stems from a grievance the team had as it pertains to how Cespedes injured himself on his ranch in May. He ended up missing the entire season as a result, with his availability for Opening Day still unknown.