Player elected Arbitration Settlements of 1 year and greater than $4,222,941, Club can walk away from the awarded salary, making the player a UFA [CBA 12.10(a)]
Player elected Arbitration Settlements of 2 years and greater than $4,222,941, Club can walk away from the second (2nd) year of the awarded salary, making the player a UFA at the end of year 1 [CBA 12.10(b)]
https://www.capfriendly.com/arbitration