UPDATE: L. Valbuena signs for $4.1M according to Bruce Levine.
The Cubs had 7 players that could head to arbitration cases, they've settled with 5 of them today. Today happened to be the deadline when teams and players had to file their arbitation numbers if they were going to go to a hearing, thus the influx of news on completed deals.
F. Doubront got $1.925M (1st time arb eligible)
Chris Coghlan got $2.505M (1st time arb eligible)
W. Castillo got $2.1M (1st time arb eligible)
J. Arrieta got $3.63M (1st time arb eligible)
T. Wood got $5.685M (2nd time arb eligible)
That leaves L. Valbuena (2nd time arb eligible) and Pedro Strop (1st time) as the two that have yet to reach a settlement, although I highly doubt either will head to an arbitration hearing even if the deal isn't finished today.