Today is the deadline for teams to offer their free agents arbitration. Here are the players the Yankees have to make decisions on:
OF Bobby Abreu (Type A)
1B Jason Giambi
RHP Mike Mussina (Type A)
RHP Carl Pavano
LHP Andy Pettitte (Type A)
C Pudge Rodriguez (Type A)
How it works: If a team offers arbitration, the player has until Dec. 7 to decide whether to accept. Accepting means a player is returned to the roster as a “signed player” and at worst will receive a one-year deal. If the sides cannot agree to terms, an arbitration panel will set the salary.
However, such a deal is not guaranteed. A player could be released at the cost of only termination pay.
By offering arbitration, a team ensures itself of compensation if a player signs with another team. Type A free agents are worth two draft picks. Type B free agents are worth one.
Type A: The Yankees would receive the team’s first-round pick and a supplemental first-round pick. However the first 15 picks are protected. The compensation then becomes a supplemental pick and the second-round choice that belonged to the other team.
Type B: One supplemental first-round pick.
We’ll find out later today who gets offered. My guess? Abreu, Mussina and Pettitte.
Let’s say Mussina stays retired, Pettitte stays with the Yanks and Abreu signs elsewhere. That would give the Yankees two extra picks. They already have two extra picks in 2009, the compensation for not signing their first-round pick (Gerrit Cole) and second-round pick (Scott Bittle).
Of course, they also figure to lose their first-round pick for signing a free agent.
Check back later today for the final decisions.