The arbitrator works to his own schedule. He could announce his findings next week or next year.
I haven't seen the new contract so this is just what I've heard. The trip rig will be the main improvement, getting 400-800 dollars a day just sitting. The profit sharing checks will decrease, the company will get to keep some money out of the calculations.
Was in MIA last week and heard we're losing 5-10 percent of the new hires after a couple months on the line. So you might still be competing with 7 or 8 of them.