Dell Boy
Player Valuation: £35m
No we didn't.
We got a manager who transformed the club from one who regarded a 7th placed finish as "magnificent" to one where a 6th was only regarded as OK.
He took the squad he inherited
http://en.wikipedia.org/wiki/2002–03_Everton_F.C._season#First-team_squad
and left us with the current squad, all for a net spend off naff all.
If you honestly don't see that Moyes did a decent job for Everton then you are just not being reasonable.
What other club did better on similar money in his time in charge?
Which manager did better in the league on a similar budget?
The answer to both of those is that there isn't one.
First of all I don't understand where you're coming from with this "a manager who transformed the club from one who regarded a 7th placed finish as "magnificent" to one where a 6th was only regarded as OK."? Hasn't Moyes done exactly the opposite with the whole 'plucky little Everton' line he's been peddling in the media for the last decade? And even continues to do so whilst not at Man U and chasing our players?
Second that squad Moyes inherited was not all that bad. It was just poorly managed by Smith. We can argue its merits all day long but it certainly should never have been a team with any fears of relegation.
There is also this misunderstanding about Moyes' spending. He inherited Rooney and spent the cash. His spending in the first 5/6 years was actually not inconsiderable. Once he got into being established it was certainly a sell to buy approach but by that time he had overhauled the entire club and the squad.
Look at Wenger for what can be achieved on a negative net spend.
Moyes did a decent job as manager but a great job as a chief scout.