Yes, mid level, which is still a step down, but not low budget.
Maybe, someday we get back to top 6 or 7, but there are some (newer) big spenders in MLB, now.
Since March 2022 (2 year period:)
$313/10 Devers
$140/6 Story
$90/5 Yoshida (plus posting fee of over $10M)
$55/6 Bello extension
$39M/2 Giolito
$32M/2 Jansen
We lost some big contracts and players, since March '22, but not many low or mid spending teams spent that much on new contracts in this time period.
(I'm not trying to defend JH & Co.)