David Ortiz, Red Sox set for an arbitration hearing today

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UPDATE:  They settled. Read the details here.

Barring an 11th hour settlement — and those often happen in these cases — The Red Sox and DH David Ortiz are set to have an arbitration hearing today. If the thing goes off as scheduled, it will be the Red Sox’ first hearing in ten years.

As previously reported, The Red Sox offered $12.65 million. Ortiz countered with $16.5 million.  You never can be totally sure how these things will go but, with the knowledge that salaries tend to rise in arbitration, not stay static, the Red Sox’ offer seems kind of low.  Ortiz made $12.5 million last year and then put together his best season in four years, posting a .309/.398/.554 line.

One would think that’s worth more than a $150,000 raise. And since an arbitration panel has to choose one number or the other — they can’t split the difference themselves — one would think that, if the sides don’t settle for $14 million or so that they’d go with Ortiz’s submission.

But, to use one of the most hackneyed phrases in all of writing … only time will tell.