I think they see Smoltz as more of a starter with Wake possibly headed to the pen. Great depth signing either way. A rotation of Beckett-Dice-Lester-Penny/Clay-Smoltz/Wake I think matches the Rays. The Penny/Smoltz signings allows Masterson to stay in the 8th inning role which he is more suited for. I still would have preferred a pursuit of Sheets. The ideal situation for me would be for Wake and either Smoltz or Penny to head to the pen with Sheets in the rotation.
Love the Baldelli signing. He was misdiagnosed earlier and, from the reports I read, had positive (i.e. good) results at two different hospitals. Does not have the speed of a Crisp but I think he has a better overall game.
Now all they have to do is trade for Hanley