I think Hawkstorian answered the question posed by the thread's OP best and most succinctly. I agree! Ans: No!
All in all, while it is ridiculously frustrating watching players our team could used being signed by other teams including divisional rivals. The money being dished out is pretty crazy. It can't fail to be noticed that the Patriots have been very quiet, but have lost the best starting DE and starting LT, but are keeping their powder dry notwithstanding their critical losses.
i don't think arrogance has anything to do with the situation the team faces. Simply they are still catching up from some critical mistakes of the past few seasons. The Harvin deal was the beginning, That deal cost them homegrown talent in Tate plus picks and critically started the cap crunch they still face with the very significant salary paid to Harvin part of they had to eat as dead money when he was cut. It was an epic fail, the team's 1st gave them nothing for the future but cost them capwise more than they needed to pay for a late round pick. They failed to learn and after this went all in again trading away a 1st rd. pick for Graham plus another huge contract. This deal was again unproductive costing the pick which produced no long term and little short term benefit but it also hurt the cap and restricted the team's ability improve the team or keep key free agents. Then there were the two lost round picks for McDowell and for Sheldon Richardson which was doubly expensive, in terms of lost unproductive draft picks, Jermaine Kearse, and Richardson's contract which didn't help the present cap position. Then there was the Brown trade which has at least born fruit but has cost young talent. After this season they could return to a sane cap position if they are careful this offseason. I certainly hope the FO has learned something and can return to to a situation where they can keep the players they want to keep and maintain a deep roster instead of one which needs to add 30 players every season to maintain the offseason 90 man roster.
With just 4 draft picks which could have included more comp pick as result of the huge personnel losses of last season but for their huge personnel shortage of last year. JS has done reasonably darn well despite a greater than 5 year absence of first round picks, and three year absence of 2nd round picks due to earlier mistakes made. The go big, or go home go for it schtik is what messed them up. It killed a potential runof championships. It's tough to stay competitive in the NFL and this FO has done a good job but their mistakes caught up to them and they are still paying for them. Sadly the team hasn't replaced talent as fast as it is being lost and they are weakened b/c of the errors made to try to continue to compete. They went in the wrong direction but proved last season they could fix things and started the return to competitive excellence. So far they are doing the right things , but it is frustrating to watch when you want more.
Expect more losses, honestly though, we expected it was possible to lose a great many of the players gone alreadty and some not gone yet. However. if they hold true to proven patterns then they can begin to end this period of difficulty, and again with some good drafting become a dominating team instead of one which is just consistently good. They need to think longer term.