School Time…Please help me out….

As you guys know, English is my second language. Some terms just keep showing up during the time I follow MLB recent years. If someone has enough patience, would you guys please explain some of them for me. I know most of them related to my poor English. Thanks. I am very appreciated.

Q1：What does “my 2 cents” mean?

Q2：What does” I will land on my feet”mean?

Q3：Yankees went over slot recent years for draft pick and spent more money on signing them. What does “went over slot “ mean? What does “spent more money on signing” mean?

Q4：Clemens said ”I was eating Vioxx like it was skittles”. What “Vioxx and Skittles” are? What does this sentence mean?

Q5：I Know these are abbreviations. What do them mean? WTF? BTW? LOW? FWIW?

Q6：How revenue sharing works? What kind of percentage they get from big market team? What kind of percentage they give to small market team? How do they contribute during this whole revenue sharing?

Edit 2008/1/9

Q7：If Yankees trade for Santana and Twins grant a 72-hours window for Yankees to negotiate an extension with Santana, but Yankees and Santana can't get an extension done in 72 hours. Does it mean this trade dead and incomplete?