Absolutely. It's not the fact that he MADE the trade, but it's WHY he made the trade. No one scorned A's ownership last year when they traded away 3 All-Star pitchers but they also didn't sign them to $100MM+ 9 months prior. Loria tried to buy a World Series ring, failed miserably, and is now trying to get out of the contracts owed, effectively killing baseball in Miami.
Regardless of if Miami becomes a contender or not, this trade was made for one reason only.