Hiroshi Shibahara informed the press today that he rescinded his salary arbitration request after his agent managed to work out a deal with the Softbank Hawks. No word on the terms, but it does appear to be a 1-year deal.
UPDATE 7:57pm - The 1-year deal is worth 62.4M yen plus incentives (48% cut over last season). And according to Sanspo, his incentives are as follows: the final contract will be worth 60% of his 2010 salary if he puts up numbers similar to his first year; 65% if he puts up stats similar to last season; and 100% if he has a career year.
To quickly recap, Shibahara made 120M yen last season and was initially offered a 42M yen salary. The Hawks bumped their offer up to 50M yen for the second round of meetings, but Shibahara still wasn't satisfied and decided to file for salary arbitration.
UPDATE 1/18 @ 2:34pm - Team director Itaru Kobayashi told reporters that in order to make sure negotiations went smoothly, both sides thought less about who was right / wrong and more about how to fill the gap between what the team wanted to pay and what Shibahara wanted.