P Miller, Andrew, $1.5m (2009)
2008 ranking is 1275
2009 ranking is not in the top 500
This gives a minimum salary of $500k with a contract limit of 2 years. However, Miller has to earn at least 50% of what he earned before or he will test free agency. This means that the Pirates are accepting his terms of the contract at $1m per year (50% of $1.5 = $750k rounds up to $1m). The final deal is a $1m contract extension for one year through 2010.