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If you look at the Rules tab in League setup, you will notice a bunch of financial parameters at the bottom of the page. Those are created from the financial DB at the start of each off-season. They are what govern financial activities in the game for a year. Just replacing the financial DB doesn't automatically change what is in those parameters at that moment. You could either change them manually to conform to your DB, or you could re-select your year in the Import Settings drop-down at the top of the Strategy tab, which would force a change to the financial parameters (along with some other settings). I don't know if this will fix things for arbitration or not, but it's worth a try.
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