It's not terribly hard to understand the Morales situation.
- We offered Encarnacion $80 million over 4 years with a 5th year option that he turned down thinking he could get more
- Our office panicked, and thinking they didn't want to get left behind signed one of the best available free agent replacements for Encarnacion in Morales. Morales was also one of the very first free agent pickups, which is why we probably had to overpay by an extra year to get him so that he didn't test the market.
- Encarnacion market absolutely crashed which no one was really expecting, which allowed teams like the A's and Indians to bid on him in the first place.
There's blame to be put on both sides, but both sides also had some logical thinking. We could've waited out Encarnacion and probably ended up getting him for the initial deal we put out, but the risk was the if some other team outrageously bid on him, we could've lost out on both Morales and Encarnacion.
Encarnacion should've taken the deal, but he was thinking he could've gotten more. I don't blame him. I don't think anyone quite expected his market to crash as much as it did. Cespedes deal screwed him over big time.