This is where terminology gets in the way (and I apologize if someone else has already made this, but I responded after enough comments with incorrect terminology were confusing folks). "Arbitration" to free agents is gone. Period. There is a qualifying offer now, which is basically accepted or denied, and that offer must be "at least" the amount of the average of the 125 highest paid players. It's a flat offer, not an arbitration-type offer. The player has an actual one-year contract offer in place. If the player accepts, he can play just for that contract, or he can negotiate further for a long-term deal with just that team. If he denies, he's open season for anyone, including his previous team. The big thing everyone needs to be aware of is that any upcoming free agent will get MUCH, MUCH less in trade offers because no longer will a team be able to acquire a player mid-season and get a compensatory pick. The player must be on the team for the entire season in order to get any compensation pick, so a guy like Liriano that will be a free agent this year will get much, much less in trade than a guy like Garza who still has a full year of contract/arbitration left for a team to control and then get a pick.