On February 7, 1987, Dodger pitcher Orel Hershiser signed for $800,000, a twenty-percent pay-cut from the year before. It was the second time since the practice of arbitration has been implemented that a player was forced to take less. After winning the Cy Young Award and leading the team to a World Series championship in 1988, however, the Hershiser became the highest-paid player in the big leagues.
LA Times