Well, they screwed themselves capwise by offering Ortiz arbitration. That restricted their pitching options if they were going to stay under the cap. They made their bed, and now they'll have to live in it.
The Yankees operate on a different plane. The one team that makes a living being over the cap. That they haven't been successful lately in the playoffs just gives them incentive to spend more. In my view, they wasted $10 mil on Kuroda, who inflated his numbers in his contract year (wonder how those guys can do that--seems so common), and is too old. But they made a good deal for Pineda for a kid Montero, who may be a typical overhyped Yankee rookie. If the kid can't catch, he isn't worth a promising young starter.
Seattle has traded two good young starters, Fister and Pineda, to AL teams. All the Red Sox were able to get from them was broken down Bedard. Seems Henry should expect his GMs to do better than that.