The Yankees have tendered contracts to all 12 arbitration-eligible players this offseason, with James Paxton, Aaron Judge, and Gary Sanchez the biggest names in that group.

Once a player is offered arbitration, the team and that player's agent have until a set date -- usually at some point in February -- to come to terms on a new contract. If that doesn't happen, both sides submit salary proposals and the player's salary is determined at a hearing by independent arbitrators.

According to MLB Trade Rumors, here's what the Yankees' arbitration-eligible players are projected to make in 2020...

LHP James Paxton: $12.9 million, up from $8.75 million in 2019

2020 is Paxton's final year of arbitration, meaning he will become an unrestricted free agent after the season if the Yanks don't agree on a contract extension before then.

OF Aaron Judge: $6.4 million, up from $684.300 in 2019

This will be Judge's first year of arbitration eligibilty, meaning he'll get a substantial raise from what he made in 2019 -- which wasn't much above the league minimum. Still, $6.4 million for a player of Judge's caliber is incredibly team-friendly. That number will continue to go up in 2021 and 2022.

C Gary Sanchez: $5.6 million, up from $669,800 in 2019

Like Judge, this is Sanchez's first year of arbitration eligibility. And like Judge, Sanchez will be getting a significant raise but will still be on a very team-friendly deal.

RHP Tommy Kahnle: $3.0 million, up from $1.387 million in 2019

This is Kahnle's third year of arbitration. He will be eligible for arbitration again in 2021, after which he can become an unrestricted free agent.

INF Gio Urshela: $2.2 million, up from $555,000 in 2019

Because he is a Super Two (among a top percentage of players under team control in a certain group), Urshela is hitting arbitration one season early.

RHP Chad Green: $1.4 million, up from $598,650 in 2019

Just $1.4 million for a reliever of Green's caliber in his first season of arbitration eligibility is something the Yankees should be salivating over.

1B Greg Bird: $1.3 million, up from $1.2 million in 2019

Bird has dealt with tons of injuries over the last few seasons, which is why his arbitration raise is projected to be so small.

LHP Jordan Montgomery: $1.2 million, up from $596,600 in 2019

Montgomery returned from Tommy John surgery late during the 2019 season, and is entering his first season of arbitration eligibility.

RHP Luis Cessa: $1.1 million, up from $578,975 in 2019

Cessa is under team control in 2020, and there is a chance he won't be arbitration-eligible until 2021. If he is eligible for 2020, his salary will likely nearly double.

RHP David Hale: $900K, up from $555,000 in 2019

2020 will be Hale's first season of arbitration-eligibility.

RHP Jonathan Holder: $800K, up from $580,300 in 2019

Like Cessa, Holder is under team control in 2020 and there is a chance he won't be arbitration-eligible until 2021.

LHP Tyler Lyons: $800K, up from $555,000 in 2019

Lyons is entering his third season of arbitration eligibility.

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