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Broxton accepted a $1,825,000 deal after making $454,000 last year. He can earn an additional $50,000 each for 40, 45, 55 and 60 games finished. The right-hander is expected to become the Dodgers' new closer after Takashi Saito signed a one-year deal with the Boston Red Sox.
Martin hit .280 with 13 home runs and 69 RBIs last season while making the NL All-Star team for the second consecutive time.
Broxton was 3-5 with a 3.13 ERA and 14 saves. He had 88 strikeouts in 69 innings.
The only Dodgers player remaining in arbitration is outfielder Andre Ethier, who asked for $3.75 million and was offered $2.65 million.
Ethier hit .305 with 20 home runs and 77 RBIs last season, when he earned $424,500.
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