Jed Hoyer is really good at certain things. He identifies players, particularly pitchers, that are undervalued, that can be improved internally, that play better in front of an elite defense, etc. I think the Swanson conversation is another component of that. It's probably too pro-Hoyer to say that he uniquely happened to identify that Swanson was going to age the best and also be the cheapest, but I think it's very plausible that he looked at all of them and saw far less of a difference between the players than other teams did, and was content waiting it out and getting the one for the least money. From what I can recall, it was pretty similar to the Bellinger signing with the rest of the Boras Four.
The Ian Happ/draft pick complaint doesn't hold weight for me either. The only player drafted after Happ who has outperformed him career to date is Austin Riley, and that's by 0.1 bWAR. No one drafted after Matt Shaw has outperformed Matt Shaw. Ditto Cade Horton. It was really bad for a stretch at the end of Epstein and the beginning of Hoyer. It's much better now.
That skill set would play well at a midmarket organization. Someone like the Cardinals, or the Twins. Guys like Shota or Boyd or even Taillon scream the type of pitchers who show up and beat us twice a year while we complain about losing to crap pitchers.
That skill set should, in my head, play EXTREMELY well at an organization with a stated budget of the first luxury tax line. Because being that good at the work around the margins and the middle market should let him throw his financial weight around on the top end. And he just refuses to do so, to my rapidly growing frustration. If he wants to stand on his ability to sign non-elite pitchers that are going to outperform their contracts, then maybe be less worried about what 2030 Kyle Schwarber is going to look like, because 2026 Kyle Schwarber would look pretty horsefeathers amazing in front of Suzuki and Busch. And maybe this is more of a Ricketts thing ultimately. We'll never know, and I don't trust the media reports on how active/close they are as much as some other people here. But...come on, just do something stupid once and see how it plays out.