The Padres have reached to contract agreements with C John Baker and P Joe Thatcher. Thatcher is signed for a $700k contract and Baker to a $750k contract (per Bill Center of the SDUT).
We still have to wait for contract agreements/amounts with nine other Padres players that are arbitration eligible. Here is the lsit of players that we still are waiting on:
Here is a quick summary of salary arbitration through wiki.answers that explains it pretty well:
A player or a club is allowed to submit a dispute over a player's salary to binding arbitration after a certain number of years in service have been accumulated by the player (usually between three and six years). The player's statistics are used as the key arbitration tool. Statistics covering productivity, longevity, potential and comparable worth as compared to like-situated p...