The same freaking excuse is used each offseason. "Where are these great free agents the Nats were supposed to sign?"
Always uttered after the big-time/good free agents have already signed with other teams who were willing to go after them.

Knorr, where I part company with you is that I don't think it is reasonable to go too long in years and money for players who aren't really worth the years and money.
Yes, there is a premium you have to pay to get high end players to come here, and even if you do, they may not go here anyway. I have no reason to doubt the Teixeira negotiations ended up with him walking away from either more total dollars committed or higher AAV when he turned down the Nats, and at least Nolan Ryan suggests that there was a non-contender who was offering more money and years for Cliff Lee than the Rangers (I assume that was the Nats).
When it comes to the Pavanos and the LaRoche's, I don't want to see us making over commitments. They just aren't that good. What I do want to see, and what gets me on the LAC side, is deals where we eat costs or take on bad contracts to get better talent in trade. More of the Willingham / Olsen deals, including cash with Willingham in order to get a starting pitcher from the Rays, or taking on maybe a good but overpaid player for less talent and partial salary relief. Preferably for only a year or two.
BTW - it is interesting to note, over on the MLB payroll thread, that half the teams in baseball were over $100MM in year end payroll at least once in 2009 and 2010.