Hernandez, Gonzalez settle arbitration cases

Updated: January 19, 2009, 11:35 PM ET
Associated Press

NEW YORK -- Nick Markakis reached a preliminary agreement on a $66 million, six-year contract with the Baltimore Orioles, and Ryan Madson struck a $12 million, three-year deal with the Philadelphia Phillies as players and teams rushed Monday to settle salary arbitration cases.

A day before the scheduled exchange of proposed figures, teams announced contracts for 14 players and six more reached deals that weren't publicly confirmed by the clubs.

Of the 111 players who filed for arbitration ...

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