The arbitration hearing has been set for February 16. In my mind the Royals have until then to work out an extension with Alex Gordon before I begin to get pessimistic about the deal ever getting done.
The Royals also made some news this week by signing 22-year-old Cuban corner outfielder Roman Hernandez Jorrin. Jorrin is said to have good power with an above average arm. The Indians were rumored to be courting Jorrin with a $750K offer, so I'd expect Jorrin's bonus to be somewhere in the $700K to $1 million vicinity.
Jorrin has played against quality competition and I'm always a fan of adding quality depth to the system. Dayton Moore, said that Jorrin should begin his professional career in single A.
EDIT: Looks like the Royals signed Jorrin for $500K. Impressive the Royals were able to undercut the reported $750K that the Indians reportedly offered. This speaks to the Royals strength in the current Latin American market.