Found December 22, 2008 on The Evil Empire:
From Ed Price:

The Yankees and Chien-Ming Wang went to arbitration before last season, but they avoided the process Monday by agreeing to a one-year, $5 million contract for 2009.

Wang, 28, made $4 million in 2008 when a arbitrator picked that figure over Wang's request for $4.6 million.
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