I found this article from 1987...it's a snippet of when Donnie Baseball was going for arbitration with the yankees for $2,000,000/year:
"Last season, he finished second in the voting to Roger Clemens of Boston after hitting .352 with 31 home runs and a club record 238 hits and 53 doubles. But rather than ask for $2 million in arbitration - a figure he well could have won - he opted for less and still won. His request came after Steinbrenner had said there was no player worth $2 million."
I guess 20 years later another Steinbrenner believes the same, rather a player is worth $27,000,000/year