1 - they are cutting payroll because after a decade of expanding payroll like the fans wanted they are broke. BTW, last year's team was no worse than the year before, with a greatly reduced payroll. This year's team will be no worse than last year's team with another 20 million off the books. They will be as good at 70-80 million as they were at 140 million. That isnt being cheap, that is being fiscally responsible. They SHOULD cut payroll, and I am happy they are finally doing it.
2 - they are absoluetly building a foundation. This team has much better pitching prospects than they have had in years, if not ever. They finally traded for a catcher that could be a solid backstop for the next 5 years (i wont be so crazy as to say 10, because that is too far down the road to speculate). You would rather they spend more on FA and continue to be mediocre, but have to raise ticket prices, and parking, and concessions to make up for the higher payroll than to have them cut payroll and not raise prices? Well I dont live in NY, so it makes no difference to me what a ticket costs.
3 - This strategy is much more Tampa Bay than Kansas City. I started to right about their pitching prospects, but held off. With Harvey, Wheeler, Mejia, Familia, even Gorski and in two years Syndergaard, and I am leaving some names out... the Mets have a ton of solid arms. They can hold them now, and when they are actually ready to compete for a division they can trade them for 'now'. They are not close to do so.
Do I like the Wilpons as owner? Absoluetly not. I think they are atrocious, and I hope they sell. That said, I dont need to spend their money for them, and I realize the parameters that this team is guided under. I also believe, and have for a long time, it is better to build from within than to buy a team. These past few years have been painful, but are necessary to start over. When a forest grows too wild, a purging fire is inevitable and natural.