Schillingfan, you're missing the point, there's a hard cap, so cost effective strategy is essential to maximizing your take in LA. The past is past, the opportunity to overspend is gone, now you have to work within the confines of a system where the only edge is spending on scouting and player development, not mega-bonuses.
What a player is "worth" under a hard cap is dictated by the opportunity cost of the players you can't sign due to an overpay. It's not a matter of being wiling to spend the money, because you're not allowed to.
And because the new penalties effectively establish a hard cap on salaries (watch the Dodgers scramble), you can't just spend money because you have it, because it may restrict what you do two years down the road. So cost effectiveness not only applies to LA, but to all ML spending as well.
This doesn't mean the Phillies shouldn't spend, but with an eye on the budget from 2018-2025 when they want to be competitve for an extended period. If there's a hard salary cap, you want a spreadsheet of expected salaries and plan 3-5 years ahead.
Still not completely clear what the "hard cap" in the new CBA actually is going to be. But be it the draft, free agent-signing, the international draft and recent Cubans, your default as to philosophy of team building is always "cost-effective and not wasting money. There are lots of ways to skin a cat to stay within draft caps, international caps, overall budget caps. (apologies to my feline friends).
Yes, and worry about spending too early, spending before the new team has all its people in place, spending at less than optimal efficiency, spending before we fully understand what we have on the farm -- all of that has caused the last ship to sail without us. We missed opportunities and now we are more thoroughly capped. Not spending 150% of international allocation in 2016 was merely the latest missed opportunity.
The hard cap on MLB salary is still a non-factor for the Phillies and will be for a couple more seasons.
There have been a multitude of excuses offered for the Phillies unwillingness to spend, but I do not find any of them particularly persuasive.
I only heard of one small allocation being traded, either teams didn't see enough talent worthy of additional money or sellers were holding out for real prospects.
This will be interesting now that all allocation money is tradeable, what is a 16 year old $1M bonus level LA player worth relative to say a 19 year old HS draft pick (who you held for the one year period before he's tradeable, or have they changed those rules?). We traded two fairly marginal prospects for the money to sign Ortiz, has the price gone up?
Salisbury

Cesar Hernandez remains a person of interest as Phi...
Cesar Hernandez remains a player of interest as the Phillies look to improve, and trading with the Tigers is one possibility that could unfold. By Jim Salisbury
You can see what the main part of the article is. He also notes that someone will have to come off the 40 to make room for Benoit (obviously) and that Neris or Gomez could still be dealt (in theory). Klentak also has some positive things to say about the idea of Knapp as back-up catcher (sincere, hyping Knapp's trade value or depressing Ellis's salary ask?).
This is yet another surprisingly inactive offseason.
We added a possibly washed up LF who does not want to play LF. No matter what he is unlikely to be more than average, and there is evidence he could be worse than that.
We added 2 solid relievers.
We return a team that ranked last in baseball in most offensive categories, many of them by wide margins. Our 610 runs scored is almost 40 less than any other team and 115 less than average. It is not possible to win with those numbers.
Yes, we have a young team, but what positions do we expect to be better this year? Maybe 3B, maybe 2B, probably RF, probably LF. Not much else. SS, C and CF will probably regress. We might have 2 league average starters (CF and C) and possible for 3B and 2B. There are no positions that we have an elite or even very good player. This team is no better than what we saw last year and no real effort is being made to improve the team. No effort to spend the Comcast bonanza.
I really want them to go after a left handed corner outfielder with some power. They have not been mentioned in the Michael Saunders mix but if he could be had on a 2-year deal they should be interested. Even 3 years would be OK as he is only 30 so those would be his age 30-32 contract years. If Williams or Cozens develop that would be great, but if we have any interest in dealing Herrera (likely to put Quinn in center with Altherr as a backup), then having another outfielder would be a good thing. Kendrick is likely to be gone after a year or less anyway.
This is yet another surprisingly inactive offseason.
We added a possibly washed up LF who does not want to play LF. No matter what he is unlikely to be more than average, and there is evidence he could be worse than that.
We added 2 solid relievers.
We return a team that ranked last in baseball in most offensive categories, many of them by wide margins. Our 610 runs scored is almost 40 less than any other team and 115 less than average. It is not possible to win with those numbers.
I did not realize that it was April 1st. Where did the winter go?!
But seriously - the organization is committed to a long-term rebuild. Slapping something together in the short-term, to placate fans who are too impatient to wait for the long-term improvement, is likely to be counter-productive to the long-term goal. It's the kind of thing that panicky, PR-driven organizations do.
I much prefer to see the organization remain committed to the long-term goal. I've seen quite enough of the Phillies organization, over the years, slapping together short-term patches to give the appearance of improving the club.
Yes, we have a young team, but what positions do we expect to be better this year? Maybe 3B, maybe 2B, probably RF, probably LF. Not much else. SS, C and CF will probably regress.
Four of eight starting positions may be better...but look at the three you characterize as "probably regressing." You think that Herrera will regress. Well, maybe. Shortstop and catcher? If there's regression there, it will be decidedly short-term - because two of the brightest prospects in the organization (Crawford and Alfaro) are waiting in the wings. You're complaining because they're not ready right now? You want the Phillies to acquire somebody - to block these two in six months to a year? Have you thought this through?
Honestly, I was just trying to start some conversation. I understand the long term goal, but I am frustrated with the teams inability (unwillingness) to use its excess capital to improve the team. They are making no attempt to acquire players that can either be flipped for prospects or take on bad deals and prospects (similar to Harrison) or push the young players to at least be average players (most of them are not).
Yes, I do realize that Alfaro and Crawford may change my assertion, but honestly I don't expect them to put up the numbers that were put up last year by Galvis and Rupp. Last year was probably an aberration for Rupp and Galvis as both hit much better than anticipated, and I would not expect any of the 4 to put up those numbers this year. My point was that without doing something to improve the offense we are likely to be just as bad as last year, and we were one of the worst offensive teams in recent memory last year.
Why not acquire a player that can push some of our young players. Kendrick might be able to push Hernandez, but who pushes everyone else? Why just continue to role out the same players that combined to be awful last season? Would adding a quality infielder and a quality outfielder really set back anything? For example, 1B. Joseph was a nice surprise, but even as he was he was a 0.5 WAR player. That isnt very exciting and there isnt much reason to believe he is going to get significantly better (his minor league stats looked really good for a catcher, but for a 1B he is not a strong offensive player). Yet he will be our starting 1B, the most important offensive position.
We could use the $80+M that the owners are keeping somehow to improve the team, improve the rebuild. Or they could cash the checks. Which is better?
I found this fascinating. Compare Kolton Wong to Cesar Hernandez.

Chris Cotillo (ChrisCotillo)
IMHO, Cesar compares pretty favorably
I understand the long term goal, but I am frustrated with the teams inability (unwillingness) to use its excess capital to improve the team. They are making no attempt to acquire players that can either be flipped for prospects or take on bad deals and prospects (similar to Harrison) or push the young players to at least be average players (most of them are not).
I just think it's very premature to make this kind of judgment. Opening Day is four months away. Saying "they're making no attempt..." is based on what? Pass judgment on the off-season when the off-season is over - not at the beginning.
Galvis "hit much better than anticipated"? His OPS+ was 79. His lifetime OPS+ is 76. Yes, he got hot late in the season, and some fans decided he's somehow turned a corner. I have my doubts about that - but I see no reason why he can't reproduce that OPS+ (79) in 2017 - he's been at that number for the past two seasons.
Rupp probably peaked, offensively, last season - he was 27, and that's a pretty common age to be peaking. I don't know that he'll repeat (OPS+ of 99), but again, I see no reason why he can't replicate his career average (OPS+ of 90) in 2017. A bit less than 2016, but... what are the options? I doubt you're going to find a competent catcher on the market, who can better an OPS+ of 90, who will sign short-term - or who is available in a reasonable trade. Who did you have in mind?
Tommy Joseph has a total of 347 major-league at-bats. OPS+ of 115. Not overwhelming - but with that sample size, it's (again) premature, IMHO, to be passing judgment. If you bring in some veteran...you never find out about Joseph.
Lastly, I simply don't buy the argument that "they need to spend the money." Spending money does not necessarily equate to improvement. Fixating on the payroll, instead of progress against the plan (the long-term plan - not "making it look good" in the short run), is (again IMHO) wrong-headed.
If we see specific opportunities - that make sense in terms of the plan - that are foregone, because they would "cost too much," then we can have a conversation about that. But I haven't seen that (with the possible exception of arguments about international spending this winter). I've seen people complain that they're not spending enough in general, or that they're not doing enough to improve the short-term product - but skimping against the long-term plan. Haven't seen that case made.
I didn't expect big moves from Klentak this offseason, so what they've done doesn't surprise me, lot's of one year deals whether trade (Kendrick), QO (Hellickson) or FA (Benoit). The players they dropped from the 40 man roster were long shots ever to make the majors (Pullin might have the best shot, but he's a SSS, Cordero has question marks and is no longer a youngster).
In effect, protect your most promising prospects, use veterans to patch a few spots, but set your self up for July trades and an October house cleaning. Buy a year to evaluate your AAA prospects and their potential, can Cozens hit a breaking ball? Hoskins or Joseph going forward? Crawford replaces Galvis or Hernandez. Can Quinn stay healthy.
Next offseason Klentak will have a lot more answers, and that's when I expect him to start wheeling and dealing.
As far as being competitive, they have a deep young pitching staff, a veteran bullpen, it comes down to the kids, boht on the roster and in AAA ball - if they step up they'll be competitive a year early, if not, wait until next year.
As far as whether players have peaked, I don't think there are a lot of players on this team who've reached the point in their career where "what you see is what you get", certainly not the young pitchers, or Franco. We don't know if Hernandez can put together entire seasons like the stretches he's had the last two years, if Herrera can adjust to adjustments made by pitchers after he became more disciplined, whether Rupp came back to earth or just wore down. The reasons you have coaches is to work on players' weaknesses, at some point you run against the player's instrinsic limitations, but when is that point?
For a lot of players 2017 is a key season, most of the players on the current roster are in the phase of their career where either they adjust and improve or flatline, the AAA players are faced with "forcing" a promotion by their performance. Top prospects don't need two years in AAA to prove they're ready. So while they may not be competitive this season, there will be a lot to watch at the ML and high minors to keep us interested.
Further on bkeich's Tommy Joseph comment: The current buzz from the winter meetings is about clubs' interest in Mitch Moreland. Mitch Moreland? 31 years old in 2017, with numbers that are not better (they're worse) than Tommy Joseph's numbers.
Who else? Chris Carter? HR champ, recently non-tendered - but an OPS+ of 114 - no better than Joseph.
This is why Saunders is a perfect fit. The injury history will limit him to a 2-3 year deal. We can overpay. Something like 2/28 is eminently doable for us. He fills a position of need. And there is a 10% chance he stays healthy and the all star performance in the first half of last year is real.
It is not spending money just to spend money. It is overpaying a little on a guy who fills a current need AND does not demand the sort of long term deal that would make him untradeable. This is not unlike the thinking on Neshek and Benoit. Overpay a little to get a player who helps now that could also be traded later.
I expect Galvis and Rupp to be a little worse next year and would still advocate exploring trades for them since they may be coming off years with more offense than we will see in the future. Add in the presence of Crawford and Alfaro as well.
Now if they decide to put $50 million in a mutual fund then use that next year as a bonus for Otani I am OK with that too.