Check out the new values as promised (June 1st) in the contracts section. New in this year's version is reference to what player is responsible for that much money... everyone from Brett Myers and Kenji Johjima to the prospects that had huge bonuses in 2010. Our league has developed its own arbitration system based on our past transactions.
Remember, all pitchers are now split into SP and RP. Just like position players, if they qualify for both positions (check Fantrax), then you must take the greatest ranking from both lists.
The 2008 positional rankings are officially phased out and you can now make extensions on just the 2009 and 2010 rankings.