Arky,
With all due respect...(has any good ever come of a sentence starting this way?)...as the Astros have NO, and I mean NO younger pitchers ready for the majors in 2011, I'm failing to see how Myers' extension is all that concerning.
The signing wasn't for an obscene amount of money. It wasn't even out of line for a pitcher with Myers credentials.
There is no pesky no-trade clause in there.
Myers looks to be an innings eater, as long as he stays healthy.
Additionally, McLane and Wade both expect the payroll for next year to be in the 93 million dollar range. I don't think, despite McLane's history with Lee and a few others, any FA signings (or contract extensions) are going to preclude the continued focus on player development.
I think what we'll see is a continued paring down of payroll, where/when it makes sense (Lee, Wandy, Lyon), as kids in the organization are ready to be in the MLB. I also think the WORST thing this organization could do right now is push the talent in the minors to the majors too soon, especially since the bulk of that talent is in some form of A ball this year.
Based on results, it's a horrible example, but I would expect to see more Feliz type signings...players to fit a hole while the org decides on the readiness of the younger guys.