Check out the PRO Rumors 2010 Free Agent and Arbitration Tracker here.

By Tuesday evening (midnight EST), November 22, 2010, teams will have to make a decision on whether or not to offer their free agents arbitration.

For some teams, it’s a big decision. Depending on the player, if a team offers them arbitration and they decide to go elsewhere then the team could be entitled to one or two compensation draft picks. A good example is today’s decision by the Philadelphia Phillies to offer Jayson Werth arbitration. Because if Werth goes to another team, they’ll get two draft picks. Otherwise, if he decides to stay, then the Phillies will be entitled to sign him for a one-year contract at a reasonable salary.

Should a team offer arbitration, and the player accepts then a team could be stuck with the player that it may not want and it loses potential draft picks.

To make things simple, PRO Rumors has created a 2010 free agent and arbitration tracker.  You can see it here:

http://www.prorumors.com/free-agents-2010

This feature was requested by one of our daily readers such as the Instant Action Email and Text Alerts and the many features on the iPhone app.  We’ll continue to add additional features to the tracker as we feel necessary.

If you have a great idea, then please feel free to send an email to support@prorumors.com and we’ll see if we can create it.  Happy Hot Stove!