Yeah they have two players with 5-6 years of control left who already project to have as good (slightly better) a combined WAR next season as Vlad and Bo (Adley/Gunnar). They absolutely should have spent on pitching. Maybe they tried and failed (as mentioned it takes two to tango in free agency) but only adding Kyle Gibson to a core that has 3 really good players (those two + Mullins) and more position player talent on the way just seems like a huge waste. Say what you want about Atkins, but he called up Vlad/Bo in 2019, and then it was Ryu/Roark/Anderson in 2020, Springer/Semien/Ray/Matz in 2021, Gausman/Chapman in 2022, etc. He didn't waste a single season he had Vlad/Bo under team control. Now there's only 3 seasons left, but they made the "playoffs" in 2020, just missed in 2021, made it again in 2022, and project to be one of the top 5 best teams in the league at the moment for 2023. You can't accuse them of being cheap or wasting years. The Orioles better start building soon because Adley's 2022 counted as a full year of service so that service time is going to start dwindling quickly.
Next year's SP market looks very good so maybe that's when they'll spend, or at least try.