For those unfamiliar with the process or just rusty after a year not thinking about it, the Elias Sports Bureau ranks all the players in the major leagues over the last two years and assigns them as Type A, Type B or none.
Assuming they are offered arbitration by their old teams, free agents designated Type A bring back two draft picks -- a first or second rounder, which comes from the signing team, plus a sandwich pick between the first and second rounds -- if they sign elsewhere, while Type B players bring back one sandwich round pick.
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Source: http://mlb.fanhouse.com/2010/10/29/elias-free-agent-compensation-rankings-are-out-heres-what-to-k/
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