Maury Brown at The Biz of Baseball has the full list of arbitration eligible players announced by the MLBPA on Thursday. Five Yankees appear and they are Brian Bruney, Melky Cabrera, Chad Gaudin, Sergio Mitre and Chien-Ming Wang.

Let's tackle them in reverse. We've heard suggestions that the Yankees might decline to offer Wang arbitration and instead try to bring him back on a one year deal with a smaller base, but with incentives.

Earlier this week, Joel Sherman of the Post reported that the team planned to bring back Gaudin and Mitre. The question with Mitre is really his option of $1.25 million and whether or not the team will pick it up or try to negotiate with him. But, if they want him, I imagine it'll be a formality.

We haven't heard much about Melky but that's because there isn't much to say. He'll get a nice raise from his $1.4 million dollar salary in 2009.

Finally, we have Bruney. Sherman noted that the team planned to tender him, as well. The overall message here is definitely pitching depth. Bringing back all of these low priced options will give the team more parts to play with as they construct the 2010 pitching staff.

For more analysis, check out Ben Kabak at River Ave. Blues and Mark Feinsand of the Daily News.