Yoenis Cespedes net worth, salary, and sources of wealth in 2020 analysed.
|Net Worth:||$60 Million|
|Basic Salary:||$29.5 million per year|
|Date of Birth:||18 October 1985|
|Age:||38 years old|
|Source of Wealth:||Professional Baseball Player|
Table of Contents
Yoenis Céspedes is a professional baseball player from Cuba who plays in the MLB for the New York Mets. Among the non-American players in the MLB, Cespedes’s ability ranks him as one of the top-rated stars in the league. Despite not being familiar with the American style of play, when Cespedes arrived in the MLB, the star performance was impressive enough for him to solidify his reputation as the best MLB player from Cuba. His performance has earned him the admiration of fans.
Though Cespedes boasts of a wide range of antics which he never hesitated to employ on the pitch, the star has only made it to the All-star game on two occasions and is yet to win a World Series despite coming close to claiming the title in 2015. This doesn’t necessarily mean the star’s prowess is inferior compared to his contemporaries in the league but emphasizes how competitive the MLB is.
With an emphasis on Yoenis Cespedes wealth, we review his early life, career/contracts, salary, endorsements, luxury lifestyle, and takeaways from his wealth and success.
Born in Campechuela, Cuba, Cespedes was born into a family who was deeply rooted in sports and young Cespedes inherited his parents’ interest in sports. His mother, Estela Milanés, played softball. She represented Cuba at the 2000 Summer Olympics held in Sydney, Australia. His father, Cresencio Céspedes, played as a baseball catcher in the Cuban League. When Cespedes was a year old, his parents separated, but that did not affect young Cespedes interest in baseball.
From a young age, Cespedes who had shown great interest in the sports practised regularly to build himself. Cespedes regular baseball play was inspired by his interest in the sport. On noticing her son’s interest in baseball, his mother decided to send him to a school, run by the state, which focused on baseball. Sending Cespedes to the school proved to be a good decision as his training did a lot in building the talented young Cespedes skills.
In 2003, Cespedes began playing in the Cuban League. Cespedes established himself as a top player in the eight seasons he spent playing in the Cuban League. But Cespedes had his sights on playing in the MLB, and in 2011, he acted on his decision to move to the US in order to play in the MLB. Cespedes along with 6 others boarded a speed boat for 23 hours. The speed boat took them all to the Dominican Republic where Cespedes met with an agent who helped him establish residency in the US.
Career Summary, Contracts, Accomplishments
Cespedes bypassed the MLB Draft and was considered a free agent. Since he was a top player in the Cuban League, several MLB teams sought to sign him, but he settled for the Oakland Athletics with whom he signed a four-year deal worth $36 million in February 2012. In his first season in the league, Cespedes won the American League West with the Athletics. In his second season in the league, Cespedes showed he was not just an average baseball player after he defeated the 2010 MLB top draft pick, Bryce Harper to win the Home Run Derby. That season, Cespedes had his struggles with injuries.
In 2014, Cespedes was named to the All-star game for the first time in his career. In July 2014, he was traded to the Boston Red Sox. Cespedes played just 51 games with the Red Sox before he was traded to the Detroit Tigers in December 2014. His time with the Tigers was also short, but Cespedes made it count. With the Tigers, his performance earned him the 2015 American League Rawlings Gold Glove Award.
In July 2015, Cespedes was traded to the New York Mets. His first season with the Mets saw him play in the World Series. The Mets lost to the Kansas City Royals in the World Series. Cespedes became a free agent after just one season with the Mets. In January 2016, Cespedes signed a three-year deal with the Mets worth $75 million. His contract included a clause that could allow him to opt-out of his deal after his first season. Cespedes was named to the All-star game that season but was removed as a result of an injury.
In January 2017, he agreed to a four-year deal with the Mets worth $110 million. The deal included a no-trade clause. Right from the 2017 season, Cespedes has been hounded by injuries, which has seen him undergo multiple surgeries. In May 2019, he suffered a broken ankle which led him to miss the 2019 season.
Below are some of the best of Yoenis Cespedes career highlights
- Gold Glove Award (2015)
- Silver Slugger Award (2016)
Yoenis Cespedes Net Worth in 2020
Yoenis Cespedes net worth is valued at $60 million in 2020. The Cuban star net worth was heavily affected by his 2016 $110 million contracts. In recent years, with his troubles with injuries, Cespedes may need to work really hard in the league in order to convince the Mets to sign him on a long term lucrative deal which could shoot up his net worth significantly.
In recent times, with Cespedes away from the pitch, thanks to injuries, the star has seen him earning slashes. This also could have negative repercussions on his net worth and also hurt future contract negotiations. Cespedes earnings from endorsement are relatively low compared to other top stars in the MLB. Thus ruling out endorsement as a means of shooting up his net worth. I
f Cespedes chooses to establish a brand, or any business venture while leveraging on his popularity as a sports star, it could have a significant effect that could shoot up his fortune.
Yoenis Cespedes Salary in 2020
As part of the New York Met commitment to reduce salary cost, Cespedes salary has been brought down from $29,500,00 to $22,900,000 in 2020. The star will earn just $6 million in base salary, which could increase to $11 million, should he not start the season on the disabled list. $9 million is attached to incentives, while $3.5 million will be received in award bonuses and $2 million in assignment bonus if he is traded to an American League team. If Cespedes is traded to a National League team, his assignment bonus pay reduces to $500,000.
Yoenis Cespedes Endorsements in 2020
Cespedes has endorsement deals with several top brands, but his lack of marketability in the US has seen him earn significantly less compared to other MLB players. In 2019 he earned $400,000 from his endorsement deals with Panini, Franklin Sports, Wilson Sporting Goods, and New Balance.
Yoenis Cespedes Luxury Lifestyle
Yoenis Cespedes lives the life only the rich can afford, but the star is always private about his life and thus, it’s hard to get the inner details of his luxurious lifestyle.
Cespedes sold his Florida mansion in 2019 which he bought for $1.85 million. The house which covers 7,306 square feet has six bedrooms, eight bathrooms, a wet bar, a family kitchen plus other amenities. He first listed the home for $2.2 million but sold it for $1.8 million, 50 grand less than he bought it.
Yoenis Cespedes cars collection includes a Lamborghini Aventador, Alfa Romeo 8C Competizione, a Ford F-250, a Polaris Slingshot, and a Jeep Wrangler. Cespedes is a fan of luxury cars. His luxury car collections are estimated to be valued at a little less under a million dollars.
Lessons from Cespedes Wealth, Success & Fame
Now that you know the interesting story about Yoenis Cespedes rise to fame, his wealth, and how he became successful, here are lessons from the Cuban Baseball player.
1. Dream big
While playing in the Cuban League, Cespedes dreamed of playing in the MLB, a dream which proved too tough to achieve, due to the troubles involved in migrating to the US. Cespedes however, worked hard and took the daunting task of moving to the US, which involved a 23-hour journey across the ocean.
2. Always seek to play with the best
One reason why Cespedes decided to take the risky journey to the US, was due to the fact that he wanted to succeed and play with the best. In Cuba, he said there were not several pitchers who pitch at real high speed but in the US, he meets several dailies. His desire to play with the best and improve his game and succeed motivated him to take a journey a few succeed in.
In 2020, Yoenis Cespedes net worth is valued at $60 million. Cespedes salary as of 2020 is valued at $6 million after he was brought down from $29,500,00 to $22,900, and then $6 million. The source of his wealth is majorly from his profession as a professional Cuban Baseball player.
Athletes should dream big and put in the work in achieving those dreams. Finally, What are your thoughts about Yoenis Cespedes net worth? Feel free to share with us in the comments section below.