I had been using MLB Trade Rumors for projection of arbitration eligibles in calculating payroll for 2013 and they had Hochevar at $4.4 million.
Either way, it represents around a $1 million raise for the starter who finished with a 4.32 xFIP and 1.5 fWAR.
Arbitration is what it is: A system that values longevity over performance. Pitch enough innings and you will get paid, no matter the quality.
He's totally turning that corner this year.