Anyone who thought that this was going to be a competitive year was fooling themselves.
Giolito is going to need time, guys over 6'5 tend to struggle with their control early in their careers due to a tendency to drift due to their length which makes it difficult to repeat their delivery. Its not insurmountable, it just takes time to work through.
Fulmer is probably not going to make it as a SP, but thats not new news. Shields and MiGo are filler that can provide some leadership for the team, but not a lot of ability at this point in their careers.
Offensively, they probably have 2 guys that will be everyday players on the roster in two years, the rest will be gone and replaced with guys in the system or FA's.
Yes, the record is not great, but there was no reason to think it would be given the lack of quality players on the roster.