Before the offseason even started, you could see it coming. Chris Davis was the team's top priority, and the Orioles (with Peter Angelos leading the charge) did everything to ensure his return. They should be commended for that, regardless of whether you think they spent too much money to bring him back. It was likely Davis or no other top free agent, and that does matter.
Still, the Orioles were not going to be able to take care of everything on their shopping list. And to be fair, that is usually the case. The Orioles don't spend enough as a mid-market team to go out and replenish their roster when players depart, and they combine that with having a disappointing farm system that is one of the worst in the majors.