He tied his own hands with the moves he made. If I were Rogers, I probably wouldn't trust him with an extra $20M to spend going forward either. They might very well have tied his hands but you know what, maybe that's a good thing. There's a non-zero chance he'd set that hypothetical $20M on fire even more spectacularly than he did pre 2013.
On the other hand, if ownership does not trust management to such a degree (as might be the case here), then they should fire said management group. That's probably Rogers' biggest failure over the past 12 months.