They spent a lot, last winter and still stayed under the line.
Devers extension kicks in, next year, so the spending has already started to some degree. (Devers may have made about $29M had he had one more arb year.)
We do lose 3 players who contributed quite a bit: JT, Duvall & Paxton. While their contracts were great, for this year, replacing them at that same money will be nearly impossible. (Thanks, Bloom!)
I have us at about $50M to spend and not pay tax- $70M, if we go over but stay below the second tax line.
We need 3 SP'er, but may get just 2. We need a LH'd RP'er, to some extent and maybe a big RH's bat, unless we put our faith in Story, Ref, Urias & Rafaela.
You can maybe get two top pitchers for $50, but then what is left over for those other 2 slots and maybe rotation depth?
We could trade for one SP'er and have plenty to spend and not go over any line (my projection.)
If we spend close to $70M (my hope,) we can meet all our needs and IMO, be good enough to very very competitive. $70M could bring us Yamamoto and Gray or Montgomery plus Duvall and a LH'd RP'er.