I keep coming back to this. If the team signs a player for $25M+, then using our typical assumptions around payroll (i.e. they really don't want to pass the LT, and they're going to give themselves $10Mish heading into the season for breathing room) then they're basically tapped out. Roster resource has them $41M under the cap, Lop off 25 for a big signing, 10 for that rainy day fund, and you're left with basically just enough for a few tiny signings to round out the back of the roster. A reserve infielder and a couple relievers on split contracts?
But I feel like there are have been a number of subtle indications that they've got a little more money to play with than normal. Not a ton, probably just an extra $15M or so. But you combine the various things we're hearing, plus the normal way the team operates (e.g. Jed wanting to bargain shop in January which is basically a meme at this point) and the math just doesn't math.