Will the Orioles be 'buyers' this offseason?

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According to Jeff Zrebiec and Dan Connolly of the Baltimore Sun, the Orioles are poised to be “buyers” this offseason, as they are in a better financial position than they have been in more than a decade.
“It’s the fun part of the job. This is the time for us to go up and hit,” Orioles president of baseball operations Andy MacPhail said. “Last year, we made a couple of trades, we signed five free agents. We were pretty active. Numerically, I think we’ll be more active dollar-wise than we were last year. We’re organized, we have our targets that we’re going to go after, and we’ll see how it goes and how the market unfolds.”
The team’s most pressing needs are to find a veteran starting pitcher and a middle-of-the-order bat to play first or third base. While they would likely have to overpay to sign any marquee free agents, they have expressed interest in John Lackey and Chone Figgins.
More realistic options are corner bats like Pedro Feliz, Adrian Beltre, Nick Johnson, Carlos Delgado, Troy Glaus or Hank Blalock. Whoever they sign, they will likely be a short-term stopgap until Josh Bell and Brandon Snyder are ready for the majors. As for a starting pitcher, expect the Orioles to be in the mix for Braden Looper, Randy Wolf or Jon Garland. MacPhail also hasn’t dismissed the possibility of signing a pitcher coming off injury like former ace Erik Bedard.
Zrebiec and Connolly point out that the Orioles have just three players (Nick Markakis, Brian Roberts and Brian Matusz) under contract beyond next season, so while it would be nice to see Peter Angelos finally open his wallet, now simply isn’t the time to spend just for spending’s sake. The Orioles aren’t a few pieces away from threatening the Yankees, Red Sox and Rays. Let’s hope McPhail keeps making sound baseball decisions while the talent of Matt Wieters, Adam Jones, Nolan Reimold, Chris Tillman and Matusz incubates.