10:32pm: The trade has a "50-50" chance of happening, according to Ken Rosenthal and Jon Paul Morosi of FOX Sports. A source says the two teams are negotiating how much of Abreu's salary will be covered by the Angels.
9:43pm: Peter Greenberg, Abreu's agent, hasn't gotten confirmation that his client has been dealt, tweets Mike DiGiovanna of the L.A. Times. Jon Heyman notes that the trade would require permission from the Commissioner's Office, given the large amount of salary the Angels are very likely covering to make the deal happen.
With Vernon Wells and Torii Hunter filling the corner outfield spots, and Mark Trumbo and a seemingly healthy Kendrys Morales slated to play DH, Abreu was the odd man out in Los Angeles. Abreu was becoming increasingly vocal about his likely lack of playing time which could well have sealed his fate as an Angel. The 38-year-old is coming off his worst full season in the majors (a .253/.353/.365 line in 585 plate appearances) and will earn $9MM in 2012 after reaching enough plate appearances for a contract option to vest.
While the Indians were known to be looking for help in left or center field, Abreu is a bit of an odd fit. It seems Abreu will platoon with Shelley Duncan in left, but Abreu played just 28 games in the field last season and has been a below-average defender for years --- he has a -8.3 lifetime UZR/150 rating. Abreu also adds yet another left-handed bat to the lefty-heavy Cleveland roster and he won't get much opportunity to play DH given Travis Hafner's presence. Still, since the Angels are undoubtedly paying most of Abreu's salary, the price is right for the Indians if Abreu is able to recapture some of his old form.