The Orioles are seriously lacking in talent throughout their system, both majors and minors.
I see this as the result of meddling by Peter Angelos in a large degree from the late 90s until the hiring of Andy MacPhail (AAM after MacPhail), and to a much lesser degree after that. Because we had "yes men" as GMs before MacPhail (BAM before MacPhail)we had bad trades, pathetic talent evaluations, and horrible drafts. That situation has improved AAM but not enough to repair the damage that was done to the talent base on this team.
The trouble started with the 1999 draft when we had seven picks between selections 13 and 50 which resulted in just ONE MLB regular, Brian Roberts. Of course, the reason we had all of those choices was the exodus of a flood of talent in free agency. A loss that you could argue this team has NEVER recovered from.
Our 2000 draft did not produce a MLB regular and our return from the 2001 draft was Jim Johnson. The 2002 draft produced a trio of Orioles' legends: Adam Loewen, Hayden Penn, and Brandon Fahey. Things improved a bit in 2003 with Nick Markakis and Chris Ray but 2004's only contribution was Brad Bergesen. 2005 resulted in Nolan Reimold and David Hernandez along with a group of players still in the farm system but no longer considered top level prospects. 2006 produced Zach Britton, Jason Berken, Ryan Adams, and Blake Davis but Andy Mac lost Pedro Beato in the Rule 5 draft.
Finally, in 2007 we started seeing impact players like Matt Weiters and Jake Arrieta being drafted as well as legitimate prospect Joe Mahoney and the quality and quantity of talent has improved since then.
What does all of this mean? It means that the Orioles' boat had some REALLY BIG holes in it and you can't fix those holes with thin patches you find in the bargain bin. Andy MacPhail seems to think that prudent spending is the best way to go. In his interview with Steve Melewski posted on MASN http://www.masnsports.com/steve_melewski/2011/07/part-two-andy-macphail-on-the-orioles-international-efforts.html he made this very clear:
SM - Were the O's one of the finalists for Miguel Sano?
AM - "Yeah. What we did with Sano is we valued him where we thought he'd go in the draft and made an offer commensurate with that, and he did better."
SM - So what he signed for was more than your final offer?
AM - "Yeah, by a good margin. Not that we were lowballing him, but by a good margin. We had the advantage of having Sano in our camp playing games. So we went out and made a first-round type of offer, but where we would have thought he'd go in the first round. He said, 'I can do better,' and he did it."
That philosophy might be acceptable under normal circumstances BUT I would consider our serious lack of talent to be an emergency and, I think most of you will agree, spending habits should become a bit looser in an emergency.
The only way that Peter Angelos can fix what he has broken is to make a substantial investment into our player development process so that we can build the VERY BEST FARM SYSTEM IN BASEBALL. If it's done right, whatever money is spent to do that will be returned three fold in the increased attendance generated by a winning team AND young impact players at lower salaries.
I have always considered Angelos a bad owner but a good business man. He can fix that by accepting the error of his ways and replacing MacPhail with a more aggressive GM that has been given an open check book to buy a farm system that will support a consistently winning team. That includes becoming a serious player in the International Draft.

