In my projection of the 40-man roster I've included estimates for each of the arbitration eligible players, in order to try and get the estimated 2012 payroll.  My method for estimating salaries is simple.  I'll look at the numbers that the players put up, look at comparable players, and go with the salaries for those players.  For example, Joel Hanrahan compares very closely to Heath Bell.  So in my projection I looked at Bell's payment in year two of arbitration eligibility ($4 M) and applied the same amount to Hanrahan, who is also in year two of arbitration eligibility.

MLB Trade Rumors and Matt Swartz have come up with a method to project arbitration salaries that is far more advanced than my simple approach.  Their method can be explained here, here, and here.  They have released ...

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