They had the same revenue the three previous years.
This is about ownership willing to spend. That is the limiting factor. Nothing more, nothing less. Every team in baseball could have added at least three of those players and most could have afforded all of them and still made a healthy profit.
Most teams make a healthy profit. Unless you're the sole owner of a team and stupid rich it would be irresponsible not to want to make a profit. But after the 2022 season these teams all had a negative operating income:
Mets
Phillies
Blue Jays
White Sox
Padres
Rockies
Tigers
Twins
Reds
Marlins
The average operating income per MLB team in 2023 was $17.6 million.
Some teams are making big money but again the teams spending big money are obviously the teams with the highest revenue. That's a no brainer.
