Yes, it is. When they weren't making the playoffs, they were bad, often terrible. When his gambles failed, they did so spectacularly because the system wasn't producing anything to mitigate them. Strong franchises, the ones that are in or on the cusp of the playoffs every year, spend and build from within. Look at the Red Sox, Yankees, Braves, Cardinals, etc. People like to joke about all the money the "empire" teams spend, but look at the rosters of their championship teams and you'll find lots of homegrown talent. Hendry built teams almost entirely comprised of assets obtained from outside the organization because holes couldn't be filled from within. He built volatile, year-to-year teams. If he had sacrificed one or two of the years in which the Cubs were terrible anyway to do what Theo and Jed are doing, he'd probably still have his job. And most people knew that fielding a competitive team this year was going to be a stretch even if the Cubs went "all in" to the FA market. Some people are so short sighted that they think the "dual fronts" approach had to apply from day one to not be a lie. I don't think those people were being honest with themselves regarding the state of the team after last season. The dual fronts spiel was about their overall philosophy, but there was little that could be done to make the 2012 team a contender, but there was a lot to be done to build the foundation. If they had tried to contend this year, they almost certainly wouldn't have traded Marshall or Cashner or done any of the things that they have to improve the system. The net result of that would still have been only an outside shot at contention and the same situation next year. That may have made this season more watchable, but it's a piss poor way to overhaul a franchise in need of it, and it's exactly what Hendry would have done. Sometimes discretion is the better part of valor. Yes rebuilding sucks, but the club will be much better off for having endured this year.