All 133 arbitration-eligible Major League Baseball players settled on contracts with their respective teams this off-season. It's the first time since arbitration began in 1974 that no player who filed went to an arbitration hearing.

Baltimore Orioles relief pitcher Darren O'Day was the last of the 133 MLB players who filed for arbitration Jan. 13. He agreed to a $5.8 million, two-year contract with the team on Monday.

MLB's arbitration system allows for a player with three or more years of service, but less than six years, to file for salary arbitration. Most cases are settled. From 1974 through 2012, arbitrators have ruled for the players 214 times and organizations 286 times.

The previous record low was three hearings in 2005, 2009 and 2011. The record high was 35 hearings in 1986.

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