Last week, I began running the first of three installment on salary arbitration for Yahoo! Sports, with the focus on outlining the process (see Evolution of salary arbitration: an ironic tale).
Today, Part II hits Yahoo's MLB section, with the focus of the article on the ever important mid-point between asking and offering figures once player and club exchange figures (see Salary arbitration: Battle of the midpoint). Here's an excerpt:
Itâ€™s this midpoint figure where a dollar one side or the other offers a moral victory. A dollar below, the club wins. A dollar above, the player gets bragging rights. To give an idea of how closely the sides look at the midpoint figure, take in these three deals that have already been reached with players that exchanged salary figures.
Jonathan Papelbon reached a $9.35 million settlement with the Boston Red Sox, setting a record for a reliever with four years of major league service time. Papelbon sought $10.25 million, while the Red Sox offered $8.45 million, a difference of $1.8 million. What was the midpoint between Papelbonâ€™s asking and the Red Soxâ€™ offering? Exactly $9.35 million.
Other players to reach midpoint deals include Red Sox reliever Ramon Ramirez (asked $1.25 million, offered $1.06 million, settled at $1.155 million) and Houston Astros reliever Tim Byrdak (asked $1.9 million, offered $1.3 million, settled at $1.6 million contract). In a rare bit of symmetry, Tampa Bay and Matt Garza filed the exact same figures ($3.35 million). They agreed to the salary just before the deadline but didnâ€™t get it finalized in time. In a case of playing nice, they decided to file exactly the same.
To add to the mix, the article lists all players that were left in salary arbitration as of the 24th with their 2009 salary, asking, offering, difference, and mid-point figures within
(click image below to see the table at bottom of story)
Select image to navigate to Yahoo! Sports.
Table located at bottom of story
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