The point is the Cubs aren't coming up short because of the deals 3+ years long. Jed's errors in FA are coming from all the bad short-term deals and bad exercised options. The money given to Hendricks, Smyly, Neris, Mancini, Barnhart could have been spent better. Put Bote in there too (Theo deal). Maybe the Gomes option was understandable at the time, but he was also old, i can let that one go. Barnhart also wasn't very expensive but 2 years was stupid given he was coming off a 0.3 WAR, 63 wRC+ season and was 32 y/o.
The others mentioned were just overpaid for their talent level and could have gone towards some better players. That's about 45m spent on meh players on 1-2 deals/options that combined for negative WAR in 2024. 45m could have payed for another Swanson + Happ or literally any player. Count Bote and its 50m, almost half the Brewers payroll spent on zero WAR. That's NOT efficient or good value.
Value and efficiency are good things, and if Jed was as careful with the smaller contract as the larger ones we probably would have been in the playoffs last year and at least made it much closer (or better) this year. That wouldn't be bad for a team not getting a ton of WAR from cheap young players yet.