Eh, I'll disagree somewhat. I definitely wouldn't classify it as poor, thats for certain. Last year, the onky FA we signed to major league deals were DeJesus, Maholm, Wood, Soler, and Concepcion. DeJesus has been solid enough. Maholm was very solid and brought us back what could turn out to be an excellent return. Wood didn't pan out, but it really seemed he was forced down Theo's throat by Ricketts anyway. Soler looks the part right now and Concepcion was either a horrible mistake or we got unlucky with the mono thing.(likely both) This year, its too early to judge obviously. But you can go through each of them individually and understand why the move was made. I figure we'll get a very solid return on that 50 mill overall. But you are right, he's not picking up the 3 WAR for nothing types-Of course, when he did it a decade ago, it was basically him, Beane, maybe a couple of others and about 25 dumbasses he was competing against. Things have changed and other teams have gotten smarter and leveled the field somewhat. I still figure though, that when a new market inefficiency emerges, we'll be at the very top of teams that exploits it until the rest figure it out. Mostly agree. I don't have a huge problem with the way they've spent the money they've spent (other than the weird fascination with Cuban pitchers). They've just done a shockingly terrible job at picking up replacement-level or better players for the back 2/3rds of the roster. The 2004 Red Sox employed 16 negative bWAR players for a sum total of -3.7 WAR. The 2012 Cubs matched that with just Volstad and Mather. They ended up bleeding more than 15 wins from subreplacement players, and it wasn't only the late-season post-firesale callups (though in theory, those guys should average out to replacement level, too). The 2013 Cubs already have 14 such players for a combined -3.2 wins against replacement. So even if they don't have the David Ortiz/Bill Mueller/Bronson Arroyo/Mark Bellhorn magic anymore (about $7m or so in acquisition cost, 11.8 WAR between them in 2004), I'd like to think we could do better than we've done in the bargain bin. I'm less confident than you that they'll be able to find the next market inefficiency just because they were at the cutting edge of the last one, but that's based on nothing more than feelings on either side anyway.