Not a huge milestone, but today is the day teams and players exchange arbitration figures. Wilson Betemit, Chien-Ming Wang, Brian Bruney, and Robinson Cano are due raises. Teams and players can negotiate contacts up until the hearing, so today is just a formality. As PeteAbe notes, the Yanks never give out long-term contracts to arbitration guys. They even went to a hearing with Derek Jeter before the ’99 season — and lost.
River Ave. Blues » Today’s the deadline to exchange arbitration numbers