Yes, it does.
But I'd try it so long as the other owner won't baby up.* Maybe don't even ask for a catcher back.
Your OF is thin and bottom heavy. It's likely amongst the worst in your league. Baldelli is someone who could get hurt tying his shoes. Teehan will soon qualify in the OF, and that will help. Ibanez is perpetually underrated in fantasy, but he's getting older, and even though he exceeds expectations most years, he's more like a Matsui light than a Guerrero light. Hawpe was awesome last year, and his season in many ways is critical for you: if he's platooned (sat against lefties), you're in trouble. If he plays as good as he was for most of last year, you're looking better.
Because there's risk for all of your three top guys (Baldelli, Hawpe, Ibanez), you really need good backups, and I think Hart and Teehan qualify there. You're very smart to have them. Freel's no slouch either: he might bat .300 and get 50 steals in a Figgins-light type season.
I really don't know about Victorino. I'm a little afraid his own team would say the same.
*Get all pedantic and huffy about a first offer.