Yes, I think the Twins more than anything, as far as pitching goes, need an ace and continuing to have "5 spots locked" just gives them cause not to splurg on a big time pitcher. Ideally some of the $25M from the TV deal would be used to try to snag a good SP but I'm not even sure who will be on the market at that point.
There is no chance the Twins are going to use any money to sign an "Ace" pitcher anytime in the near future. Not only is Ryan on record as saying he won't overpay for pitching, he is also very adverse to giving long-term deals, something that is a pre-requisite in getting an "ace". Agree or disagree with the strategy but don't expect any extra revenue for payroll to change that strategy.