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Baltimore Orioles: The Orioles have done a fantastic job climbing from the cellar of the AL East to the postseason, thanks in large part to their ability to develop minor league talent.
They'll go after a veteran starter to bring some stability to the staff, but they have their core in place and more help on the way from the farm. A full season of Manny Machado and potentially Dylan Bundy will make a bigger impact than any signing the Orioles make.
Chicago White Sox: The White Sox were a pleasant surprise in 2012, and while they eventually coughed up the AL Central lead down the stretch, they avoided the tear-down/rebuild process that many expected to begin last season.
That said, for now what you see is what you get with the White Sox. With so much money tied up in guys like Adam Dunn, Alex Rios and Paul Konerko, and others tied up long-term, the team doesn't have much freedom to spend. Bringing back Jake Peavy on a two-year, $29 million deal will be their marquee offseason move.
Cleveland Indians: The last thing the Indians—who are expected to begin rebuilding from the ground up this coming season under new manager Terry Francona—need is to bring on a bunch of big-money veteran contracts.
In fact, their payroll could approach the lowest in baseball if they decide to trade off guys like Shin-Soo Choo, Justin Masterson, Ubaldo Jimenez and Chris Perez.
Houston Astros: The Astros have trimmed their roster down to a collection of arbitration- and pre-arbitration-eligible players, after trading away the bulk of their veteran pieces the past two seasons.
They will look to add a veteran bat at the DH spot, and perhaps a veteran starter to anchor their young staff, but it'll be several years before they're spending anywhere near $100 million.
Minnesota Twins: The Twins are by no means a small market team anymore, as they have been willing to spend in the past few seasons and made one of the best free agent signings of last year, when they added Josh Willingham.
Starting pitching is a glaring deficiency, but the Twins are unlikely to spend big money on veterans this offseason, as the team as a whole is not ready to make a run at the postseason.
Oakland Athletics: One of the biggest surprises of the 2012 season, the A's used a collection of homegrown talent, veteran journeymen and a few key offseason acquisitions to capture the AL West crown.
They need a shortstop and could look to add some offensive depth, but the A's are as unlikely as anyone to spend big in this or any offseason, as that is simply not their way of doing things.
Seattle Mariners: The Mariners have a bright future, and they should begin to reap some of the rewards of a terrific farm system this coming season, especially in the starting rotation.
Their offense needs a lot of work, but they will continue to give their young guys every chance to succeed, and likely field a team very similar to what it would be if the season started today.
Tampa Bay Rays: If the Rays had $100 million to spend, they would have already done it a long time ago, bolstering their anemic offense to support a fantastic staff.
They could be as active as anyone on the trade market this season, in the hopes of improving at catcher, first base, shortstop and in the outfield, but don't expect them to be a player for anyone in the top tiers of free agency.