I'm very on board with a rebuild, even if it takes more than one year. I think, given the Cubs' resources, it shouldn't take more than one year, though. Let Ramirez and Pena walk. If Dempster doesn't want to be a part of a crappy, young team in 2012, let him walk, too. Save some money this year, play any kid who has any kind of reasonable chance of being a starter down the road.
And then spend big on pitching in 2013.
So what FA moves would you make this year?
If there were any chance to get Fielder or Pujols on a five-year deal, I'd be on board with that (because it's not about 2012, it's about 2013 through 2016). Otherwise, I'd pick up a pitcher whom I thought would remain a consistent, decent mid-rotation option for the next several years (a guy like Buerhle, though not necessarily him). I'd consider Yu Darvish if he's posted.
That's about all I'd explore for 2012 on the free agent market.