People just hammer the "Nutting's Wallet" angle and rightfully so. But there is so much more than this to what ails this franchise. Their drafting and scouting has been largely horrendous. Last year someone did some study where the Pirates ranked near the bottom of games started by homegrown players, or something like that.
Sure...when they are drafting in the top 5, they got some players. They did well with Cutch and Walker, but that was a previous regime.
Let's look at the BMTIS's draft's.
2018: 10th overall Travis Swaggerty. Haven't heard his name mentioned since he was drafed. 26th overall, Gunner Hogland. Unsigned. And so it goes.
2017: 12th overall, Shane Baz. Traded. 42nd overall Steven Jennings. ??
2016: 22nd overall, Will Craig (not exactly lighting it up) 41st overall, Nick Lodolo, unsigned (and so it goes again).
2015: 19th overall, Kevin Newman (I will bet $100 this guy never is a MLB regular) 32nd overall, Ke'Bryan Hayes. OKay, this looks like a great pick.
2014: 24th overall Cole Tucker (maybe has a shot) 39th overall Connor Joe (is he on anyone's radar?) 61st overall Mitch Keller, YAY...that's 2.
2013: 9th overall Austin Meadows (traded but looks like a player) 14th overall Reese McGuire (traded to save money and still not a good prospect)
2012: 8th overall, Mark Appel (never signed and one of baseball's biggest busts), 45th Barrett Barnes (who??)
2011: Garrit Cole. OK, a monkey could have made this pick. Josh Bell, been a disappointment.
2010: 2nd overall Jameson Taillon (good pick, but again a monkey could have made this and Manny Machado would have been a better pick) 52 overall Stetson Allie (next?).
Yikes. Just horrible. You can go on the cheap, if you draft, sign and develop your own talent. But the Pirates frankly haven't. And this group in charge got an extension. Just horrible. So it isn't just being cheap, it is also being bad at your jobs by management.