We heard from two of the Cubs’ leaders this week in regard to the team’s financial situation….well, it doesn’t sound too rosy. On Sunday, Theo Epstein gave an interview to WSCR in Chicago and, among many other things, gave his thoughts about the team’s ability to spend on free agents:

“We simply don’t have the payroll flexibility that we would need for a quicker talent infusion given some of the limitations and timing of our business plan and the realities of a lot of circumstances surrounding the ball club right now.”

That sounds bad, doesn’t it? Obviously, we don’t know just how much this is a bit of posturing to put pressure on the stakeholders involved in the renovation discussions – or how much is a hedge in case 2014 is as long a season as it appears it will be. Given the popularity of the Cubs – and how valuable the franchise is overall – it may seem obvious that the Cubs could have a top-end payroll if they wanted it.

Well, things may not be so bad. Cubs Chairman Tom Ricketts spoke to Gordon Wittenmyer on Wednesday, and he said that the long-term rebuilding strategy, not money, is the main reason that the Cubs won’t be going after high-priced free agents this winter. From the Wittenmyer piece:

“I know it’s not a money issue,’’ Ricketts said of the methods the baseball department is using to restock the farm system and overhaul the organization — and the consequent results at the big-league level. “You can’t just throw money at the problem. We have to build the organization from the ground up. And that’s what we’re doing right now.”

Despite these quotes from the front office (or perhaps because of them) we still don’t really have a clear picture of the team’s finances. For me, it actually doesn’t matter at this point, and here’s why: spending big on free agents this off-season isn’t going to do anything for the long-term development of this team into a consistent winner. First, I don’t see any young, big-time free agents becoming available this off-season that would really be the kind of player that could help turn a franchise around. Second, the timing isn’t right: it would be better to sign a major free agent or two to compliment the young “core” (whatever that winds-up being) so that the team is ready to compete top-to-bottom when they’re ready – we’re not there yet. Third, and this is a secondary concern, I don’t want to block any up-and-coming prospects before they have a chance to show what they can do in the big leagues.

The one free agent I wouldn’t mind seeing the Cubs pursue (in fact, I would love it) is Japanese right-hander Masahiro Tanaka. Tanaka is considered by most scouts to be the best Japanese pitching prospect since Yu Darvish, and he has top-of-the-rotation potential (some have said he may have the best splitter on the planet). He’s only 24, so Tanaka would fit the mold of a player who could be in his prime when the Cubs young “core” is ready for the bigs. I’d love to see the Cubs go all in on him (and if they don’t win the bid…please, please don’t let it be the Dodgers!).  John Arguello over at Cubs Den seems to think that the Cubs will be in on Tanaka, so we’ll see.

OK, Cubs fans, I have a question for you. All of us that read, and especially post (and especially write articles!), for Cubs blogs are obviously die hard fans who have stuck – and will stick – with this team through the tough times. However, even Job had a limit, so the question is this: when, if ever, will you throw your hands in the air and stop caring about this team? I’m not asking if any of you would ever stop being fans of the Cubs (I doubt any of you would say that), but will there come a time when you’re just going to refuse to put in any emotional investment? I know that I haven’t been watching all the games lately. My classes have started back, so I’m busier than I was most of the summer, but I’ve also grown a little weary. Moreover, I’ll have to admit that even though I root for the Cubs to win every game I watch, I’m actually hoping that they lose when I don’t watch. I want the better draft pick next summer (although I always hope that Castro and Rizzo have good games). So, when will it be for you? Middle of next season? 2015? Will you ever stop checking Cubs blogs or keeping up with the farm system? I’d love to hear what you think.

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Sean Powell is a music education professor currently based in Georgia. He is also a co-host of VFTB Radio. He started following the Cubs in the 1985 season, growing up on WGN after-school broadcasts. Connect with Sean on Twitter @powell_sean or E-mail.