From Bill Brink in today's Post-Gazette:
"Coonelly cited the Texas Rangers' $252 million expenditure on Alex Rodriguez, which crippled the Rangers for several years, as a cautionary tale against overspending on one player. That type of spending can also reduce the ability to re-sign current players on the roster, such as McCutchen and Walker."
Really? Where do you start with this one?
UPDATE: I don't know that it was in response to this thread, but Bill has added an extensive post on PG+ (subscription required) relating to his conversation with Frank Coonelly. It provides a great deal more context around FC's Texas/re-signing current players comment.