Yes. Every year a team loses, you can look back and choose the bums, add up the money, then choose a guy we shoulda- coulda signed and blah, blah, blah.
The fact is, Bloom signed a bunch of guys who worked out well, this year and last, but he swung and missed at the most important signing: SP.
He coulda-shoulda spent more on the rotation. For whatever reason, he did not.
The tax line is just a partial excuse. He had enough funds to get a real pitcher and chose not to.