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How Mets may lose big money on Cespedes insurance policy

PITTSBURGH — The disclosure that Yoenis Cespedes’ contract is insured, without further information provided by the Mets, raises plenty of questions about how much, if any, financial relief the organization might actually receive.

A day after the Mets announced the All-Star outfielder would undergo season-ending surgery on both heels, the club on Thursday declined to provide further information on the insurance policy protecting his contract. The 32-year-old Cespedes is owed roughly another $70 million by the Mets through 2020.

Assistant general manager John Ricco on Wednesday acknowledged the contract was insured but would not provide a figure on what percentage was covered, nor would he say if the organization planned to reinvest any dollars recovered toward the 2019 payroll.