Small went 10-0 with a 3.20 ERA in nine starts and six relief appearances during the regular season, joining Tom Zachary (12-0) of the 1929 Yankees, Howie Krist (10-0) of the 1941 St. Louis Cardinals and Dennis Lamp (11-0) of the 1985 Toronto Blue Jays as the only pitchers to finish a major league regular season unbeaten with 10 or more wins.
However, Small lost Game 3 of the AL playoffs against the Los Angeles Angels.
In addition to his base salary, Small could earn $80,000 in performance bonuses: $15,000 each for 15 and 20 starts, and $25,000 each for 25 and 30 starts. He had asked for $1.45 million in arbitration and had been offered $1,025,000.
Small made $149,180 last season after he was brought up from the minor leagues on July 17. The most he ever made in a season before this year was $197,500 in 1998.
New York has one player remaining in arbitration. Pitcher Shawn Chacon asked for $4.15 million and was offered $3.1 million.