With the new deal signed, the 31-year-old Cuban is set to make $22.5 million this upcoming season, $29 million in 2018 and 2019, and $29.5 million in 2020. This move will be made official with a press conference on Wednesday.
Cespedes is coming off a season where he dealt with a quadriceps injury that lingered throughout the second half of the year. Despite that, he still managed to hit .281, with 31 home runs and 86 RBIs. He lead the Mets in long balls and RBIs in his first full season with the team.
New York acquired the former slugger from the Tigers in a 2015 trade deadline deal, and has since gone 106-74 when he is in the lineup, compared to 18-23 when he is not. They have also scored an average of 4.6 runs with Cespedes in the starting nine, and 4.0 runs without him.
The man who broke into the big leagues with the Oakland Athletics, and also spent time with the Red Sox, was selected to his second All-Star Game this past season, which he missed due to the quadriceps injury. It was also the second time in his career he reached 30 long balls, falling just shy of his career-best mark of 35 in 2015.
After helping the Mets to the World Series in 2015, Cespedes's injury played a role in the team getting shut out in the NL Wild Card Game by the Giants this season. The hope is that the outfielder will use the off-season to regain his health, as he looks to put together consistent numbers during this contract.