Contrary to what fans say, they did spend a lot of money and are 8th in payroll I think. They just spend it really poorly. Giving big contracts to Suzuki, Swanson, Hoerner, and Happ were huge mistakes. Especially Happ/Suzuki since a few top prospects play their positions and are being blocked. Jameson Tailon has been good this year, but he got a pretty steep contract as well. They brought Hendricks back for 16.5 million for some reason. Yan Gomes got a 6 million contract. These players are mediocre to bad.
Jed Hoyer mentions wanting to be like the Tampa Bay Rays all the time where they can put together great cheap rosters. But, some of those contracts like giving Dansby Swanson almost the identical contract Jason Heyward had, contradicts that. I think Jed's time is ticking here anyway, and if he doesn't get fired this year, they'll just move on next year. Either way, the Cubs should at least be in the mix for top free agents.
I'll never forget when Bryce Harper was actively posting Chicago stuff on social media and wanted to be here, yet they barely gave him an offer and declined. 6 years later, Harper still rules and The Cubs are an embarrassment. Verlander was another that wanted to be here, and Kate Upton was looking up places to move in Chicago, but the Cubs picked Jose Quintana to trade for instead. I wanted both of those guys so bad.