I'm going off of the historical David Price arbitration settling figures. He didn't actually go thru the process, but his midpoints were 10/13/19 and those were for his 2nd-4th times in arbitration. Cole will be somewhere around 10-13 million in the first year because it's typically 40/60/80 of a market salary through the process. Even if his market is set at 30m a year, his arb # would be 12m/18m/24m I can at least see them paying the first arbitration figure but not the last two.
Coming off the Cy Young in 2012 and building on a super 2 figure of 4.3M only got Price 10.1 million in 2013 for his 2nd(of 4) arbitration years.