You are not the only one who isn't sure. However, as E1 said, Theo will analyze all moves looking for under-valued assets. I guess he didn't find any this off season so he just took the trash to the curb. Unless he does something before the season starts, the 2012 Cubs might actually be worse than the 2011 Cubs. I thought that would be hard to do, but he might accomplish it. Contrast the Cubs' off season with the Marlins' off season. They had almost identical records in 2011. The Marlins made number of big key acquisitions that were fair market value (as opposed to undervalued) acquisitions. They signed Reyes, Buehrle, and Heath Bell. They made a strong run at Pujols. They should be an interesting and exciting team to watch in 2012. They didn't follow a Moneyball approach. It looks like Theo has stayed true to his Moneyball philosophy even though he had a ton of money to spend. He could have made some key FMV moves to improve the Cubs, but he didn't. Your usage of "Moneyball" in your original post was right on the money. Theo is a moneyballer. He has stayed true to his philosophy. He found no undervalued assets in the FA market, so he has chosen to do nothing up to this point. They should stink as a result of his doing nothing. The Marlins should be greatly improved in contrast.