One problem with signing free agents right now is that too many teams are giving useful players ridiculous contracts, i.e. Jason Werth. Trying to sign these kinds of players is often ridiculously inefficient, particularly when compared to the cost of re-signing your own players or using your farm system to develop players who can be traded for need. Of course in order to do this, you have to know how to develop players, and thankfully the Reds have a guy in place in Buckley who does this well.
Looking over this list
there are some players, such as Bourn, who weren't ridiculously overpaid, though. More than I would have thought. Of course the Reds aren't going to pay 20 million plus per year for Hamilton or pay BJ Upton like he's a superstar, but they shouldn't. I'm happy with their current approach, and when I look at this list, maybe the chances of them signing a decent FA are greater than I thought.
Edge trilogy, by me.
Go to the edge of the cliff and jump off. Build your wings on the way down. --Ray Bradbury
What begins at the water shall end there, and what ends there shall once more begin. --Straka