I enjoyed re-reading your analysis. It does point up the tremendous flexibility the Twins should have in 2015 and for a while after that. What is missing from the analysis, I think, is the "value of information". We know (or believe) certain things today. In the off-season a year from now, we will know some things we don't know now - for example a few players we are sorry we didn't sign, and also a few that already look bad (with 2 years to go if you had signed them to a 3-year contract), as well as a year's hindsight on the players you did sign. Two off-seasons from now, even greater amounts of information of this type will be available. Two flavors of regret, and two of gladness, will have definite and estimate-able financial measures. We have to keep in mind also that this isn't the last train that will leave the station. Next off-season, a new crop of free agents will be available, and again the year before season 2015. Say there is about $50M of flexibility in that year's budget, as you surmise. Do you pull the trigger now and commit part of that, or do you wait until another year and sign some pitchers, and repeat the process a year later? Factor into that, that revenues for every team are due to go up. This will result in a bidding-up of salaries in future off-seasons. So a $11M contract for a Joe Saunders in 2015 might indeed look like a bargain, if he is still delivering results like the past few years. You have to weigh that against the risk of his not delivering much in the way of results. So, it's complex and there are counter-weighing effects. But I still think that there's a lot to be said for taking on *no* particular risk for 2015, at this time, and focus really hard on 1- and 2-year contracts *this* offseason to help bridge to that date. The risk that you take on, measured in terms of steps you no longer might be able to take in 2015, outweighs the benefit of making 2013 a better season. I think the calculation changes dramatically next off-season, and you can take on risk in future years with greater hope that it won't bring you regret and narrowed options in 2015. And then in the off-season following that, I'm all for loading up with some really prime free-agent talent that requires you to add significant risk to 2017 and a little beyond, in exchange for a real chance of serious contention (for meaningful October games, not just September) in 2015. And that's how I've viewing every move Terry Ryan has made this off-season. So far, his focus on 2015 has been laser-like; I'm just not satisfied with the 2013 stopgap measures he's come up with.