The Brewers and Cappy were about a million bucks apart, and they settled on the exact midpoint, $3.25 million. No big surprise: I didn't imagine that there'd be an arbitration hearing in this case, and Chris ought to be thrilled to get the first huge raise of his baseball career.
By the way, this doesn't preclude a long-term deal--Doug Melvin has been known to come up with extensions after settling one-year deals like this one. It does, I suppose, make a long-term deal less likely, but anything's still possible.