To be fair, Nolasco and even Santana were kind of low-end signings among major FA SP (and Pelfrey was positively bargain bin). I don't think that shows FA SP are a "complete crap shoot." If you look at $70+ mil FA SP signings at MLBTR's transaction tracker, they are actually pretty good: http://transactions.mlbtraderumors.com/widget/transactions-tracker&link=true&widget=true&amount=70&amount_type=4&type_ID=7&positionType_ID=9&value_verbiage=1&lang=41 I realize that list is incomplete (Cliff Lee?), but still, Zito is the only standout bust in that group of 10. Everyone else turned in multiple solid seasons in their original contract period (or it's too early to judge). The bust rate increases in lower salary groups, as you would expect. Not really a crap shoot at all. Obviously due to their salaries, they're probably not going to provide the same "value" as a good pre-FA pitcher, but they can still be pretty good for what they are -- IF you are smart about your investments. Two of the biggest duds -- Zito and Hampton -- were fairly easy to identify by their peripherals. A few more recent questionable signings (Verlander's and Sabathia's latest deals, Bailey, Porcello, Cain) have been extensions, where teams were probably a little too eager to lock up their own guys. Actually going big-bucks on an outright FA seems to work more often than one might expect (conventional wisdom suggests the best SP won't ever reach FA). I think the Twins backed themselves into a corner and had to commit to Nolasco at these terms out of desperation. (And then had to repeat the exercise with Santana in large part due to Nolasco's failure, although I believe Ervin to be the better bet.) If we had maintained any kind of decent starting staff and/or stable of SP prospects, we probably could have waited out the market for a better deal or fit, or saved our resources for a shot at a real ace like Scherzer. I don't think our staff would be better today if we didn't sign any FA SP at all, though.