Baseball Prospectus: Arbirtation Primer

[weams]

http://www.baseballprospectus.com/article.php?articleid=15864

As Thomas wrote in a comment below, please note that an earlier CBA was in effect when this article was written, so some details have changed

"Caveat emptor, though, this was written a few CBAs ago and isn't 100% accurate anymore. For example, the Super Two cutoff has risen over the last few years as teams get smarter about keeping players down."

[weams]

Also, it appears the there are Night and Day Baseball award processes.

http://www.mdrs.com/faqs/mdrs-articles/baseball-pendulum-arbitration

[weams]

And Harvard chimes in.

http://harvardjsel.com/wp-content/uploads/2013/06/Monhait.pdf