Today marks a Sedona Red letter day on the off season timeline. It marks the final day teams can offer salary arbitration to their free agents. The significance of this sometimes has very little to do with whether a team actually wants to re-sign the player.
When salary arbitration was first negotiated as part of the collective bargaining agreement between owners and the players union, it was designed to provide a mechanism where a player and his agent would have a place to settle potential compensation issues. No one could have imagined the other nuances of the process and the implications it allows.