If I were John Henry/Larry Lucchino/Ben Cherrington, I would be very aggressive this offseason, especially with pitching. My hope is that Henry's pride is so injured, that he's willing to spend a shitload of money so he and the ownership group can go on the radio in November of 2012 and say "see, you guys made a big deal out of 2011 and we told you it would all be okay, and it was. We didn't need Theo, we didn't need Tito, we thought and knew Beckett and Lester were good. Now shut up!"
This may be a pipe-dream, but:
1. Purchase Yu Darvish (if he's available) (sorry Henry, if you could justify it for Matsuzaka you can for Darvish... plus you need pitching again--more than ever--and he's more cost effective than Wilson, won't cost draft picks, etc.,)
2. Try very hard to get Matt Cain
3. Dump Lackey
4. Re-sign Papelbon
5. Sign a former closer for setup duties
6. Re-sign Miller for minor league duties
7. Use Doubront and Bowden for middle/early relief
So my rotation/bullpen would be something like:
Beckett
Lester
Cain
Buchholz
Darvish
That's a rotation worthy of 160+m in spending...
CP-Papelbon
SU-Bard
SU-Madsen/Bell/someone else
RP-Aceves
RP-Morales
RP-Doubront
RP-Albers
Or something like that in the 'pen...
Of course, there's a good chance they will just sit tight too.
On offense, if they are willing to make the above moves then they would be okay letting Ortiz go, in my book. The offense will be okay if Youkilis can come back in reasonable health.