Salary arbitration is a big part of what GMs, owners, and some players have to go through each off-season. As players are now exchanging salary figures – what a player is seeking in salary for the upcoming season and what a club believes he is worth – here’s some stats to take in:
Yesterday, 65 players reached contracts. It was the day players and clubs begin exchanging the salary figures and is historically the day most signings get done (the exchange figures tie the parties into a bit of a “high and low benchmark” to work from, which the sides like to avoid).
There were 68 players that signed at the deadline, last year.
Of all the deals reached in advance of this date, the largest deal in-total is Dan Uggla’s 5-year, $62 million contract with the Braves.
There were two record setting deals for salary arb eligible players reached yesterday, both of the 1-year variety. For players that have between 2-6 years of ML Service Time (a salary arb player that was not a free agent that was offered salary arb, and accepted), Prince Fielder ($15.5M) is a record payout for all players. Jonathan Papelbon’s $12 million deal with the Red Sox is the highest amount given a reliever that was salary arbitration eligible, and the second highest ever awarded a pitcher with between 2-6 MLST (Roger Clemens is the all-time record holder in salary arbitration for a 1-year deal at $18 million, but remember, he was a free agent offered salary arbitration by the Astros after having more than 20 years MLST..
The player that will see the biggest pay increase from 2010 to 2011, so far, is Joey Votto. His $9.5 million that he will earn in 2011 as part of his 3-year, $38 million deal is a 947.62% increase from the $525,000 he earned in 2010 before his salary arbitration eligibility this year
Top five player deals reached to avoid arbitration by annual average value (AAV)
The Biz of Baseball will shortly begin tracking the asking and offering figures for those players exchanging salary numbers.
OTHER SALARY ARBITRATION RESOURCES:
Maury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey, as well as a contributor to FanGraphs and Forbes SportsMoney. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.
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