Agree. It's not an issue of worth, but of affordability.You can certainly make the argument that the Reds can't afford market prices if you want to, but Beltre is not overpaid.
We spend 33M, out of a 74M payroll, on three pitchers (Cordero, Harang, Arroyo). Are they worth it? Look at how much improved out pitching overall is this year. They are primarily the reason we are in the hunt this year. Now is the amount of money we're paying them "hindering" us in other areas? Good question. I'd say logically yes. You only have so much to spend. And this organization, as well as numerous others, are forced into a "rob Peter to pay Paul" mentality. We use to look for the "Harnischs" in pitching, while generously paying for position players.
I don't know if it was an intentional approach by this FO, but it appears they have sacrificed offense (a lot IMO) for pitching/defense. Look at out situation in LF right now. IMO, we obviously traded away Dunn for financial reasons and regardless of what one thinks of Dickerson/Nix/Gomes, IMO, we went on the cheap in a "crap shoot" approach. I have no problem with the cheap approach if a young player is at the ready (i.e. Bruce, Votto), or even has acquired an alternative solution in the market. But that is not what the Reds seem to do in various cases.
That is why we have the "holes" that we do on this team. Or else have a guy like JHJ who can be moved around the horn all the time.