The answer to the question, "Are we a title contender?" is not no. It is "probably not."
The team needs healthy returns of 3-4 key players, and expecting that might not be likely, but it is not a super long shot.
The second question is hard to objectify. Surely we haven't added any "WOW" players, yet, and on the surface it looks like losing Porcello & Moreland makes us worse (after losing Kimbrel & Kelly last winter), but along with the good players lost since our championship win less than 14 months ago, we've lost some pretty bad players. One could view their losses as "addition by subtraction," and even Porcello, Moreland, Kimbrel and Kelly were not outstanding in 2018 or 2019. (Kimbrel was for most of 2018, until he neatly blew up in November.) We also lost Pom, Holt, Pearce and others.
Players no longer on the team from 2018 (Listed by most PAs and IP in 2018)
PAs Player OPS 2018/2019 OPS (PA)
502 Nunez .677/.548 (177)
459 Moreland .758/.835 (335)
367 Holt .774/.771 (295)
288 Leon .511/.548 (191)
207 Swihart .613/.695 (29)
195 HRam .708/na
165 Pearce .901/.503 (99)
143 Kinsler .604/na
27 B Phillips .520/na
IP Pitcher ERA
191 Porcello 4.28/ 5.52 (174)
74 Pomeranz 6.08/na
66 Kelly 4.39/na
62 Kimbrel 2.74/na
54 Wright 2.68/8.53 (6)
24 Thornburg 5.63/7.71 (19)
17 Cuevas 7.41/na
Not here in 2018 or 2020:
54 Cashner 6.20
No or little role in 2018 but will in 2020:
Chavis
Workman
Walden
Taylor
DHern
Perez
Peraza
Players with a better outlook now than 2018:
EDevers
Rod
Vaz
It's not all doom and gloom, but certainly we need a bunch of this to go right for us to be strong contenders, and besides, the winter is not over, so question 2 is still open.