| Player | Arb. eligible? | Projected 2004 Salary | Hastily-assigned label | Halfway-decent comparision |
| Brower | y | 0.6 | Swingman/journeyman | Dennys Reyes ($600,000), or $300,000 per Denny |
| Erye | y | 0.85 | Situational lefty | ? He did make $725,000 in '03, so he won't be far from that. |
| Feliz | y | 0.5 | Multi positional guy w/pop, 3yrs in league | Mike Young($415,000)/Ron Belliard ($475,000) |
| Nathan | y | 0.75 | Set-up man with little previous success | Justin Speier ($850,000)/Brendan Donnelly ($325,000) |
| Torrealba | n | 0.4 | Backup catcher/two years exp. | Josh Paul ($325,000)/Bobby Estallela ($500,000) |
| Williams | n | 0.4 | Starting pitcher/one year | Mark Buehrle ($445,000)/Ben Sheets ($428,000)/Ryan Franklin ($425,000) |
| Zerbe | n? | 0.4 | Situational lefty shuttled between minors & bigs | Aaron Fultz ($600,000)/Kevin Walker ($450,000) |
| Herges | y | 1.4 | Decent setup pitcher | Brian Boehringer ($2.0m)/Mike Dejean ($1.7m) |
| Total | 5.3 |