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A Loney question

I recall that arbitration award contracts are not guaranteed but the player can be dropped just before the season starts (March 31?).  I recall the payment to the player is 1/6 of the contract amount.  Can anyone confirm this?  Also could this be an "incentive" for the Dodgers to not settle with Loney on a contract but rather go to arbitration?

 

Then if Loney stinks in Spring training, or if a different opportunity at 1B presents itself during the Spring  Loney could be rather painlessly cut from the roster?

                                                                                                                                                                                                               

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