I agree that teams are spending more than they otherwise would, reluctantly, to keep up with the Joneses. The direction that free agent spending has taken is crazy. IMO, they need to disallow deferrals, at the very least.
It does seem that teams may now be trending towards shorter length contracts with higher AAVs. That's a start, but even those contracts are outrageous. Bregman's $40M a year was crazy enough,