It's not really that puzzling, if the Sox really don't want to pay a fortune in luxury tax. They know they're going to lose some run production but they should offset that with run prevention.
It was a simple point, really. A GM can 'overpay' for a player and it can still be a smart move, even though critics will say 'Anybody could have done that'.
If you really want to blame someone for a shift in philosophy, there's only one man you should be blaming and that's JH himself. He's the one who replaced BC with DD, and you can bet DD is doing exactly what JH expected him to do.
But by the same token, Theo only got Lester because he bumped our offer by 20 million. Most people said Theo overpaid for Lester. Anybody (with the money behind them) could do that too.
It's not really the individual moves that determine a GM's success. It's the total package that he puts together.
You seem to be right that the players didn't get much. I wonder how the owners pulled that off? Maybe they produced some numbers showing that revenues were going to level off or something.
I'm really not concerned about it. If we do fall off the cliff after 3 years, so be it. We'll just have to build from the bottom up again. We just went through back-to-back last place finishes and we survived.
But is it prudent to count on one coming out of nowhere?
Theo obviously went after proven guys in Chapman and now Davis and was willing to pay fairly heavily in talent and money.
Personally I think you want to have a couple of guys who are proven. You can take the 'throw stuff against the wall' approach with the rest.
But a relatively proven lights-out guy like Chapman, Jansen or Miller is a nice thing to have, especially in the postseason. The Cubs and the Guardians paid a lot in prospects for Chapman and Miller, and the investments paid off.
moon, I e-mailed Alex Speier about this and here is his reply, which is linked to a column he wrote a few years ago about a similar calculation involving Jon Lester's AAV when he was with the Sox. There's always a catch!
This explains the formula in play:
http://fullcount.weei.com/sports/boston/baseball/red-sox/2013/11/08/creative-luxury-tax-accounting-201-jon-lesters-average-annual-value-re-explained