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Well I mean overall Bavasi had an awful record in FA/trade. Just awful. I'm not convinced Ibanez/Johjima/Carlos Guillen were Bavasi decisions either, but thats all in the past.
I generally don't even like seeing GMs pay market value for a FA, unless there are truly no other options in trades/farm/FA available. Market value FA $ per W is an overpay in itself.
If you're going to shop for a guy in FA or trade, it just makes more sense to target value guys like Figgins or Granderson, or look for undervalued unproven assets in FA/trade like Seth Smith or Gabe Gross. 4/60 for Jason Bay is just sloppy.