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There is no way Bavasi was anything either than awful at player evaluation.  Joh and Ibanez were both obvious organizational signings at the time, and I don't think Bavasi was responsible for either anymore than he was responsible for kicking Carlos Guillen out of town (although hes responsible for the return).
Some of these moves he'd made are the type you'd jokingly offer to some of your trade partners in a ROTO league (not expecting them to OK).
At the same, I suppose you could go over the "why" to figure out how everything went wrong. Personally I think he overvalued contact in hitting, didn't care about OBP, overvalued RBI, overvalued ERA with SPs, overvalued veteran experience, didn't understand positional value,  didn't value defense much at all, didn't bother to evaluate AL to NL regression for SPs or hitters with mediocre eyes, didn't have an eye for identifying young talent, didn't have an eye for identifying undervalued MLBers, and didn't have an eye for potential breakout players. He was also bad at correctly tabbing the playesr in his own system (most of the players that left thrived).
I think that just about covers it. He was plain just bad at what he was doing.