When the Phillies unloaded Hunter Pence, Shane Victorino and Joe Blanton last summer, the thought was that it freed up enough money in the upcoming offseason to make at least one major free-agent signing.

B.J. Upton was a top target. Fans clamored for Josh Hamilton or Nick Swisher. The Phils were in on Angel Pagan, Torii Hunter and Cody Ross.

Ruben Amaro Jr. didn't like the price on any of those six players and let each sign elsewhere. Upton found $15 million per year from the Braves. Hamilton got a $25 million AAV from the Angels. Swisher will earn $14 million each season through 2016. Pagan, Hunter and Ross cashed in for a combined nine years and $92 million.

The Phillies' offseason was quieter than expected. That's not to say they erred by refraining from paying a player more than his worth, or that they didn't spend their dollars efficiently. But Amaro doled out just $21.35 million on his major-league free agents, less than half of his previous offseason low as Phillies general manager. That figure doesn't include the salaries the Phillies took on via trade, which is $6 million for Michael Young and approximately $500,000 for Ben Revere.

Last offseason, Amaro spent $94.5 million on 13 major-league free agents, including $50 million on Jonathan Papelbon. The winter before, he spent $126.85 million, with $120 million going to Cliff Lee. In the 2009-10 offseason, his first as Phillies GM, Amaro spent $47.5 million on Raul Ibanez, Jamie Moyer, Chan Ho Park and Miguel Cairo.