I keep telling ya, contract 2030. Although I might have to revise to contract 2033. Their offer is the equivalent of "is this still available" on Facebook marketplace. All their offer does is show the arbitrator that they are doing something. This buys the company time with the arbitrator so they can continue to drag their feet.
Granted we haven't seen their offer but an 11% raise and a reduction in min guarantee is actually a pay cut.