That makes a lot of sense, thank you! Does it have different implications whether the arbitration is player or club elected? And does it make it more or less likely that a player will re-sign with a team if they didn't opt for arbitration? (I'm thinking particularly of Tom Wilson right now)
Slightly different situation if it’s club-elected. In that case, the player would make the choice on whether the awarded contract was one or two years, and the club can’t walk away from the awarded contract, regardless of how high it is. A player can only be taken to club-elected arbitration once in their career as well, and each club can only take two players to club-elected arbitration per season. In Wilson’s case, I think they fully intend to get a long-term deal done without bringing in an outside party. They’re probably close, so he didn’t feel the need to take it to an arbitrator, where the meetings can get a little… heated, or so I’ve heard. But when the club-elected period comes along, if he still isn’t signed, they can take him there and have another year (or two) to hammer out a long-term extension for the future.