Headlines

Go To Pro Hockey Rumors
Go To Hoops Rumors

Arte Moreno

Moreno: Angels Plan To Compete, Increase Payroll In 2025

By | at

The first post-Shohei Ohtani season of Angels baseball was a difficult one for fans, as the Halos finished dead last in a weak AL West division with a 63-99 record that just barely kept them from posting the first 100-loss season in franchise history.

With Ohtani no longer in the fold and the team just having finished up its worst season yet, speculation regarding a potential rebuild as swirled around the team but owner Arte Moreno put any such rumors to bed during a phone interview with Jeff Fletcher of the Orange County Register earlier today. During the interview, Moreno made clear that the goal he’s laying out for the organization is to contend for a playoff spot in 2025. It’s a lofty goal considering the fact that only the lowly White Sox finished with fewer wins than Anaheim this season, but Moreno added that payroll is “going to go up” to accommodate his dreams of contention next year.

With that being said, it doesn’t appear a major increase in payroll is expected. After payroll dropped significant from 2023 to 2024, Moreno now suggests that the club’s budget for 2025 figures to fall somewhere in between the (per RosterResource) $176MM the team put forward this year and the $215MM the club spent during Ohtani’s final season with the organization. It’s not exactly clear where Moreno’s target payroll lands in between those two figures, but the Angels should have some room to maneuver this winter regardless. After all, the club’s 2025 books have just over $109MM in guaranteed contracts for 2025. That doesn’t include salaries for the Halos’ rather large arbitration class, but even if each player is tendered a contract in line with the projections by MLBTR Contributor Matt Swartz they’d still be sitting at a tidy $147MM for 2025, or nearly $30MM below last year’s payroll.

That could leave the club with as much as $50MM in payroll flexibility, should Moreno cap the club’s payroll just below $200MM. What’s more, Moreno also suggested that this offseason’s payroll increase should be sustainable for the club, though he cautioned that if payroll were to creep back to 2023 levels in the future it would have to face similar cuts to what it did last winter, with Moreno indicating that the budget for 2023 wasn’t sustainable.

“It’s just an automatic loss,” Moreno said of the club’s $215MM payroll in 2023, as relayed by Fletcher. “If I start piling up (financial) losses, then the next year I’m going to cut.”

Of course, even a relatively hefty financial investment is unlikely to drag the Angels out of the basement of the AL without significant internal improvements to their core group of players. The biggest boost would surely come from a healthy and effective season for Mike Trout, the club’s future Hall of Famer who has never been anything less than elite with the bat but has been limited to just 266 games over the past four seasons. A healthy season from Trout, even if he is no longer the perennial 8-win player he was at his peak, would be a game changer for the club’s offense. So too would steps forward from the club’s young core, including catcher Logan O’Hoppe, first baseman Nolan Schanuel, shortstop Zach Neto, and southpaw Reid Detmers.

2024 was a mixed bag for the quartet overall, with Detmers struggling badly throughout the year to the point that he spent most of the season in Triple-A while Neto enjoyed a breakout season that saw him combine 30 stolen bases with a 114 wRC+ as he locked down the the shortstop position for the Angels. Meanwhile, O’Hoppe and Schanuel both posted perfectly solid seasons, though with only average offense from both players and a step backward defensively from O’Hoppe there’s still plenty of room for both youngster to improve next year.

With Luis Rengifo and Taylor Ward among the other complementary pieces set to return to the club next year, it seems likely the Angels’ major obstacle this season will be patching up a pitching staff that ranked bottom five in the majors this year with a 4.57 ERA and ahead of only the lowly Rockies with a 4.68 FIP. Veteran lefty Tyler Anderson turned in a solid mid-rotation performance this year (3.81 ERA in 31 starts) and Detmers’s combination of strong pedigree and past success leave him likely to earn another shot as a starter next year, but a lackluster 2024 performance from Griffin Canning and midseason elbow surgery for lefty Patrick Sandoval both leave the club with few solid answers in the rotation for 2025.

The Angels have been notoriously hesitant to shop at the top of the starting pitching market throughout Moreno’s tenure as owner, so it would be a shock to see the club pursue a top arm such as Max Fried or Corbin Burnes this winter. Even so, playing in the mid-tier of free agency this winter could help the club add more certainty to its rotation with options like Luis Severino, Nathan Eovaldi, Sean Manaea, and former Angel Andrew Heaney among those expected to be available.

Moreno: No Plans To Sell Angels, Team Likely To Operate On “Lower” Budget In 2024

By | at

Angels owner Arte Moreno spoke to Jeff Fletcher of The Orange County Register this week, touching on various topics. Notably, he said that he has no plans to sell the team and that the club’s payroll is going to be lower in 2024.

Moreno announced in August of 2022 that he was planning to explore a sale of the club, but another announcement in January of 2023 indicated he was no longer pursuing that path. While some fans may have hoped he would reconsider, it doesn’t seem that is in his plans.

“I am here long term,” Moreno said to Fletcher this week. “There are some people that came back and some people that knew I had it on the market (in 2022). I basically said it’s not on the market.”

Moreno did leave the door open to being blown away by a crazy offer, suggesting if an interested party offers something “really stupid” he’d have to consider. Outside that scenario, it doesn’t seem like a sale is on the table.

That leaves questions about the long-term plan of certain elements, such as the club’s home ballpark of Angel Stadium. Moreno was hoping to purchase the venue with an eye on developing the area around it into a sort of ballpark village with residential and commercial spaces. That plan seemingly died in May of 2022 when Anaheim City Council voted against it. The process was marred by controversy, with Anaheim mayor Harry Sidhu resigning amid an FBI investigation alleging that he shared insider information with the club in the hope of soliciting campaign contributions. It was just a few months later that Moreno announced he was considering selling the club.

It doesn’t seem like there’s any momentum to revisiting plans for that development project, with Moreno suggesting city officials don’t have “an appetite” for the plan. Anaheim’s current mayor, Ashleigh Aitken, also provided a statement to Fletcher:

“We’re open to looking at the future of baseball and welcome a fresh start in crafting a proposal that is good for Anaheim and our residents. I’m all ears. We know what works, and we’ve seen what didn’t. We welcome a fair proposal. As a city, we’re committed to building on decades of baseball in Anaheim for generations to come.”

With Moreno seemingly not looking to purchase the stadium at the moment, the Angels continue to lease it. That deal runs through 2029 but with three-year options that go through 2038. Moreno demurred when asked how that would play out. “Do you know where you’re going to be in 2038? Do you know how old I am? This year I’ll be 78. That’s a long time.”

Turning to the near future, Moreno addressed the 2024 club and admitted that the club’s plan is to “set the budget lower,” but without providing specifics.

The Angels were willing to spend near the competitive balance tax last year and were even over the line for a time. But as they fell out of contention, they put various veteran players on waivers in order to shed their salaries. They also put Max Stassi on the restricted list as he was away from the club due to a personal matter, which was later revealed by his wife to be the premature birth of their son, which led to various health complications for the child.

In the end, the club successfully ducked under the tax line. Some observers wondered if the club would enter a rebuild with Shohei Ohtani hitting free agency, but general manager Perry Minasian quickly shot down those ideas in November when he plainly stated that they would not rebuild and would actually be aggressive this winter.

The club has indeed been active, though whether they’ve been “aggressive” is up for debate. The Halos have mostly been focused on the bullpen, signing Robert Stephenson, Matt Moore, Luis García, Adam Cimber and José Cisnero. Despite those signings, their payroll is at $173MM and their CBT number at $188MM, per Roster Resource. That puts them almost $50MM below the tax and almost $40MM below last year’s Opening Day payroll of $212MM, per Cot’s Baseball Contracts.

If they were willing to get back to those levels again this year, they would be a viable player for a late-winter splash on one of the top remaining free agents, with Blake Snell, Jordan Montgomery, Cody Bellinger and Matt Chapman still available. But perhaps that’s less likely if the budget is going to decrease, though it’s not clear how far they intend to drop payroll. Circling back to Ohtani, Moreno confirmed a December report that the Halos were not willing to match the heavily-deferred $700MM deal that Ohtani signed with the Dodgers.

With Ohtani gone, the club is no longer obligated to run a six-man rotation, something they did to limit Ohtani’s workload while serving as a two-way player. Rhett Bollinger of MLB.com reports that the club is planning to use a traditional five-man rotation this year, with Sam Bachman and José Suarez to be stretched out.

Those two figure to be in competition for a spot at the back of the rotation. If everyone is healthy, the front four should be Reid Detmers, Griffin Canning, Patrick Sandoval and Tyler Anderson. That leaves one spot for someone like Bachman, Suarez, Chase Silseth or Zach Plesac.

Suarez, 26, seemed to be breaking out as a viable starter over 2021 and 2022. He pitched around 100 innings in each of those campaigns with his earned run average finishing just a bit below 4.00 both times. But last year was challenging, as he missed significant time due to a left shoulder strain and only tossed 33 2/3 innings with an 8.29 ERA. He’ll look to get back on track with better health this year. He’s out of options and will need to be in the bullpen if he doesn’t win a rotation job, or else be removed from the 40-man roster entirely.

Bachman, 24, was selected ninth overall in 2021 and made his MLB debut last year. He made 11 appearances out of the bullpen in the big leagues, with a 3.18 ERA in those. He landed on the injured list due to shoulder inflammation in July and wasn’t able to make it back after that.

He was a starter on his way up the minor league ladder but has yet to build up a huge workload. He pitched 75 2/3 innings in college in 2019, but then was limited to just 23 2/3 in the 2020 season. In 2021, he tossed 59 2/3 in college and then another 14 1/3 in High-A after his draft selection, getting to 74 on the year. In 2022, he was in Double-A but only logged 43 2/3 innings as back spasms and biceps inflammation slowed him down. Last year, he threw 26 1/3 frames at Double-A before adding another 17 in the minors, combining for 43 1/3.

All told, he’s yet to reach 80 innings in a season and didn’t even get to 45 in either of the past two years. It’s understandable that the club still wants to develop their first-rounder as a starter going forward, given his youth, upside and full slate of options. But it’s likely going to be a long-term project since he’ll have to take gradual steps forward in terms of increasing that workload.

Report: Angels Did Not Match Dodgers’ Offer For Ohtani

By | at

The Dodgers recently signed Shohei Ohtani to a 10-year, $700MM contract, though with heavy deferrals that make the net present value significantly less than that. He was reportedly discussing similar deals with clubs like the Giants and Blue Jays but Jack Harris of the Los Angeles Times reports that Angels’ owner Arte Moreno did not want to match those offers.

As mentioned, the deal with the Dodgers is heavily deferred, with Ohtani set to make just $2MM annually during the course of the deal. He will then received $68MM per year for the 10 years after he has played the seasons covered by the contract. That brings down the net present value, with the league valuing it at just over $460MM while the MLBPA has it at $437,830,563. Farhan Zaidi, the president of baseball operations of the Giants, recently revealed that the club offered Ohtani essentially the same deal he accepted from the Dodgers. The Blue Jays were “right there,” according to a report from Ben Nicholson-Smith of Sportsnet.

All reports indicated that Ohtani and his reps were driving a lot of the negotiations. It was apparently Ohtani’s idea to have such an unusual contract structure, which he proposed as it would allow the signing club more financial freedom in the short term to build a winning club around him. The Dodgers, Giants and Blue Jays were all seemingly willing to meet his ask in comparable ways, but he chose the Dodgers and their unparalleled track record of recent success.

The Angels, however, don’t appear to have been at the final table. Per the report from Harris, Ohtani’s agent Nez Balelo reached out to them towards the end of the process and gave them a chance to convince Ohtani to stay. But Moreno was reportedly unwilling to match the offer Ohtani eventually signed. “It’s a place that he really loved to play. He loved the people there, everything. So we didn’t want to miss the idea of giving them an opportunity,” Balelo said “But at the end, it just wasn’t going to work.”

As Harris points out, it’s not clear Ohtani would have seriously considered a return to Anaheim even if they were willing to match the asking price. But the fact that they were not willing to do so seems to eliminated any chances of a reunion. It’s unknown what kind of final offer the Angels did make.

Moreno has generally been unafraid to spend big on star players, giving big deals to players like Mike Trout, Albert Pujols and Anthony Rendon. It’s interesting that he decided to pull the reins on the Ohtani chase, though it’s unknown exactly why or how close they were.

The club will now have to enter a post-Ohtani world and try to chart a course forward without him. General manager Perry Minasian has made it clear that the club is not rebuilding and is not trading Trout. In 2023, they ran their payroll up against the competitive balance tax, ultimately staying narrowly beneath it. Roster Resource pegs their 2024 CBT number at $168MM at the moment, almost $70MM below next year’s base threshold. That should give them plenty of room to make some bold strikes, likely to upgrade the pitching staff. Despite having both Ohtani and Trout on the roster for the past six years, the Angels haven’t finished above .500 since 2015, made the playoffs since 2014 or won a postseason game since 2009.

Arte Moreno Discusses Ohtani, Luxury Tax, Angels Stadium, Ownership

By | at

In the wake of Arte Moreno’s decision to abandon plans to sell the Angels, the owner has been somewhat uncharacteristically willing to discuss team matters with the media.  Moreno has already spoken with the New York Post’s Jon Heyman in February and Sports Illustrated’s Tom Verducci over the last month, and today the Halos owner engaged in his first open Q-and-A with Angels beat writers (including Jeff Fletcher of the Orange County Register and The Athletic’s Sam Blum) in over three years.

Today’s media session covered some of the same ground as the Heyman and Verducci interviews, though Moreno did confirm that the team is willing to exceed the luxury tax in order to keep Shohei Ohtani in the fold.  The two-way superstar is scheduled to be a free agent after the 2023 season, and with speculation swirling that Ohtani could command as much as $500MM in his next contract, going beyond the tax threshold would seem like almost a necessity for any team serious about retaining his services.

Since Moreno bought the team almost exactly 20 years ago, the Angels have only once (in 2004) surpassed the Competitive Balance Tax limit.  That said, Anaheim has also spent big to extend or sign the likes of Mike Trout, Albert Pujols, Vladimir Guerrero, Anthony Rendon, and several other marquee names, so Moreno is no stranger to paying for premium talent.

The Angels are projected for roughly a $226.7MM tax figure in 2023, under the $233MM CBT threshold.  Moreno was non-committal about the idea of exceeding the tax this season, but said that “if we’re in it at the [All-Star] break, I want to be able to have enough cash to pick up somebody.”  In terms of future CBT commitments, Moreno felt “we really positioned ourselves well” to potentially retain Ohtani, and Moreno noted that “after four [remaining] years for Rendon, we really have no long-term contracts.  So we have to position ourselves and work to put ourselves in a position to have that financial flexibility.”

Having Trout, Rendon, and Ohtani all on the books through the 2026 season (when Rendon’s deal is up) would mean that those three players in all likelihood take up at least half of the Angels’ room under the tax threshold.  That seems to be a bridge Moreno is willing to cross, though quite a bit of work seemingly has to be done before an Ohtani extension becomes a reality.  Moreno said the team hasn’t yet spoken with Ohtani and his camp about future plans, and the owner noted that “Ohtani has to want to be here, too. It’s a two-way street.”

“When we started talking to Mike [Trout], I spent a lot of time with Mike.  I just said, ’You have to make a decision.  This is where you want to be.’  This is where you want your family to be.  We started sitting down with the agent.  And Ohtani, he has to figure out if this is where he wants to be.”

Moreno said that the Angels were likely to spend over 60 percent of their revenues on payroll this season, and the team’s current approximate payroll of $212.1MM is a new club record.  Beyond these expenditures, Moreno said that GM Perry Minasian has “basically an unlimited budget to try and build our minor-league system.  So those guys get cut, and we try to sign minor-league deals with them.  Continue to build the depth.”

Anaheim’s busy offseason was seen as a little bit of a surprise, given how teams seemingly on the verge of being sold are sometimes in a bit of roster limbo until the ownership question is settled.  That said, Moreno took the opposite route, saying that “we never stopped doing anything” despite the talks with potential buyers.  “I was communicating with [Minasian] almost every day….I told him, no matter what happens, I want this team prepared to play and win.  We invested a lot of money.  I wanted to make sure that if I changed my mind that we were, ’OK, go.’ ”

This stance speaks to Moreno’s customary aggressiveness in trying to field a winning team, though obviously those efforts have been in vain through seven consecutive losing seasons.  Moreno denied the common perception that he is too hands-on with his front office’s moves, saying that “every player that we’ve ever signed has been with a discussion of the general manager all the way through….If there’s a decision that Perry wants to sign someone, if we’re going to negotiate and we want to get a deal done, I need to be there because I need to make the call or [else] he’s running back and forth. He and I talk about the money before we make any decision.”

The fact that Moreno approached the offseason thinking he might eventually opt to keep the Angels likely speaks to his reticence about a sale, and his ultimate decision to take the team off the market.  Moreno left the door open to possibly sell a minority share in the club at some point, but “I do not have a successor” in mind as the Halos’ next owner.

The club’s future at Angel Stadium (and perhaps in Anaheim altogether) was also a topic of discussion, given how back in May, the Anaheim city council voted against an agreement that would’ve seen the city sell the 150 acres of land surrounding the ballpark to a Moreno-owned management company.  Moreno said he will soon be meeting with newly-elected Anaheim mayor Ashleigh Aitken “and we’re going to work with that administration” in regards to whatever next steps might come with the ballpark and development situation.

The Angels’ lease at the stadium runs through the 2029 season, and the team can also exercise an option to extend that least through 2038.  Moreno didn’t offer any comment on the idea of a potential move, saying “We’ve been there a long time, and we’ll see what happens.”

Arte Moreno Discusses Spending, Offseason Moves, Ohtani, Decision To Keep Angels

By | at

Angels owner Arte Moreno surprised the baseball world in January when he announced that his family was ending its exploratory steps towards selling the franchise.  Five months earlier, Moreno announced that he was looking into the possibility of selling the Angels, and it seemed as though the sale process was going rather smoothly before Moreno somewhat suddenly reversed course.

“When you got right down to it, I didn’t want to go,” Moreno told Sports Illustrated’s Tom Verducci as part of a wide-ranging interview.  “I just had the whole personal talk with myself.  You know, you have a lot of time to think about it.  I’m walking these [bidders] around the stadium. We’re on the field, looking around the stadium and I’m thinking, ’How many guys ever get a chance to do this?’ “

Moreno said he received three bids from MLB-vetted potential buyers, and all of those bids were at least $2.62 billion in price.  This would have been a new record high for a Major League franchise, topping the $2.42 billion that Steve Cohen spent to buy the Mets in 2020.  However, Moreno said the finances didn’t outweigh his desire to keep the team, and he related an anecdote about how even one of the potential buyers said “I see in your eyes that you don’t look like you’re ready to sell” when Moreno and this unnamed buyer were touring Angel Stadium.  If a sale had gone through, Moreno said he was planning to retain a minority share of the Angels, “five to ten percent is what I was thinking.”

As to his initial decision to consider a sale, Moreno didn’t specifically state a reason, other than “it was more circumstantial than it was a change of heart” about his love for baseball.  In May 2022, the Anaheim City Council voted against a proposal to sell 150 acres of land around Angel Stadium to Moreno’s management company, and the deal became shrouded in scandal when the FBI launched an investigation into former Anaheim mayor Harry Sidhu on allegations of corruption and insider information related to the sale.

With the assumption of a sale hanging over the Angels as the offseason began, the club still had a very active winter, spending over $78MM in free agent signings.  $37MM of that money went onto the 2023 books, the Angels are on pace for a notable payroll increase — after finishing the 2022 season with roughly $180MM in spending, Los Angeles is projected to spend roughly $212.2MM on player salaries in 2023.

While the team’s winter may have been lacking in true headline signings, Moreno said that he had interest in trying to land another superstar free agent in Trea Turner.  However, with GM Perry Minasian noting the Angels’ several needs beyond just the shortstop position, Moreno said the offseason became “about the distribution of money.  Is it one player who makes a splash?  Or is it, ‘Hey, we can spend this money on two or three players.’ ”

To this end, Moreno disagrees with criticism that the Angels aren’t willing to invest in their payroll, noting that the club is regularly among the top 10 payrolls in the league.  “I can’t tell you we’ve always spent the money right, but we spent money,” Moreno said.  “So, if anybody that criticizes me that I’m not committed to winning, well, I am committed to winning.”

As Moreno himself noted, the allocation of that money has often backfired on the Angels, contributing to the club’s run of five consecutive losing seasons and only one postseason appearance in the last 13 seasons.  But, while spending isn’t itself an issue, Anaheim fans have often argued that Moreno hasn’t spent enough, since the team has only once exceeded the luxury tax threshold since the owner bought the team in 2003.  Roster Resource estimates that the Angels’ current Competitive Balance Tax number is roughly $226.75MM, which is under the $233MM threshold.

The CBT appears to be a matter of principle for Moreno, to the point that he was one of four owners who voted against raising the tax thresholds in the most recent set of collective bargaining agreement negotiations.  Moreno doesn’t begrudge teams like the Mets or Dodgers for their big spending, saying “I like the fact that people want to win.  But I just would like everybody to have a chance.  Like if somebody came to my house [for a card game] and everybody is putting a thousand dollars in and one guy puts in a hundred, I mean, how many hands can he play? It’s just no fun.  So, if you want to spend four hundred [million], then you should be taxed.  It is taxed, but to me it’s just not enough.  Clearly, it’s not enough.”

Such financial matters loom large given that Shohei Ohtani will be a free agent following the 2023 season, and there is an expectation that the two-way star will command a record-setting contract (perhaps even surpassing $500MM).  Moreno told Jon Heyman of the New York Post last month that he hoped to keep Ohtani in an Angels uniform, but money aside, Moreno said to both Heyman and Verducci that Anaheim’s chances of keeping Ohtani could hinge on whether or not the team can be competitive.

Moreno personally vetoed the idea of trading Ohtani at last year’s trade deadline, and he told Verducci that “we had five real offers for” the superstar.  But, beyond the team’s desire to retain Ohtani beyond 2023, Moreno felt there was more of a bigger-picture aspect to hanging onto such a unique player.  “People ask me, ’Shouldn’t you get something?’  But we get to see him every day.  That’s not nothing.  These people get to come and watch the best players.  They’re going to tell their grandkids, ’I saw Ohtani play.’ ”

The owner’s trade veto seems to still be in effect for now, as Moreno stated that “I will say it on the record, we will not trade Ohtani while we are contending for a playoff spot.”  As to whether or not the Angels would entertain offers if they were out of contention, Moreno didn’t consider the possibility, saying “we expect to be a playoff contender.  Everything in our plans putting this team together is about getting to the playoffs.  So, I’m not going to sit here and wonder what happens in an outcome we’re not planning for.  That would be like a fighter going into the ring and thinking, ’What if I lose?’ If he does that, he will lose.”

Arte Moreno No Longer Pursuing Sale Of Angels

By | at

The Angels announced that the Moreno family is ending the exploratory process to sell the team and will continue ownership throughout the 2023 season and beyond.

“During this process, it became clear that we have unfinished business and feel we can make a positive impact on the future of the team and the fan experience,” owner Arte Moreno says in a statement released by the club. “This offseason we committed to a franchise record player payroll and still want to accomplish our goal of bringing a World Series Championship back to our fans. We are excited about this next chapter of Angels Baseball. We are grateful to Galatioto Sports Partners for their outstanding efforts throughout the process that allowed us to meet with a number of highly qualified individuals and groups who expressed strong interest in the Club. However, as discussions advanced and began to crystallize, we realized our hearts remain with the Angels, and we are not ready to part ways with the fans, players and our employees.”

Major League Baseball commissioner Rob Manfred also released a statement on the matter, as relayed by Sam Blum of The Athletic. “Despite strong buyer interest in the Angels, Arte Moreno’s love of the game is most important to him. I am very pleased that the Moreno Family has decided to continue owning the team.”

Moreno, now 76, announced in August that he would explore a sale of the team. There weren’t many details of the sales process reported in the interim, though Manfred did say in December that the club was hoping to have the sale completed by Opening Day. It appears that Moreno either didn’t find an offer to his liking or had a change of heart and will keep hold of the team for the foreseeable future.

He purchased the team from the Walt Disney Company for $184MM in April of 2003. The Angels were reigning champions at that time, having won the 2002 World Series. They qualified for the postseason a few times in the next few years but have since gone into a dry spell. They have made the playoffs just once since 2009, getting swept by the Royals in the 2014 ALDS and not making it back since. That’s come despite having some superstar players on the roster in those years, include current Angels Mike Trout and Shohei Ohtani. The club’s payroll has regularly been in the top 10 in the league in Moreno’s tenure but he’s garnered a reputation as being one of the owners more likely to meddle in baseball decisions, which has made him a divisive figure among the Angels’ fans.

This offseason, despite the potential sale hanging over the club, they have been quite active in pursuing upgrades. They traded for Gio Urshela and Hunter Renfroe while signing free agents Brandon Drury, Brett Phillips, Tyler Anderson and Carlos Estévez. That’s bumped the club’s payroll up to $206MM, per Roster Resource, with a competitive balance tax calculation of $220MM. That payroll would indeed be a franchise record as Moreno stated, with Cot’s Baseball Contracts having their previous high as last year’s $189MM figure. Whether that’s enough for the club to break its postseason drought remains to be seen. They will be looking to chase the Astros, who have dominated the division for years and just won the World Series. The young and resurgent Mariners just grabbed a Wild Card spot last year and the Rangers have been extremely aggressive in pursuing upgrades over the past couple of years.

The continuation of the Moreno regime will lead to various questions that will need to be resolved in the years and months to come. From on-field perspective, the biggest unknown is the future of Ohtani. The unprecedented two-way superstar is entering his final year of club control before he’s slated to reach free agency. Many have been speculating about whether a new owner would be motivated to give Ohtani a mega deal to stay an Angel or would prefer to start fresh by clearing house and beginning a rebuild. Now those questions will have to be directed towards Moreno and whether they can find common ground on a deal or if Ohtani is determined to spend the next part of his career elsewhere.

Off the field, there will be questions about the issues that perhaps led to Moreno pursuing a sale in the first place. A company created by Moreno was attempting to purchase the 150-acre Angel Stadium site from the city of Anaheim with a goal of using the land to develop commercial space, housing, restaurants and more. A tentative agreement was reached at a $320MM price point but the potential sale drew heavy criticism from many in the area and a federal investigation was launched into alleged corruption, violations of state laws, and insider information being shared as part of the deal. Anaheim mayor Harry Sidhu was personally cited in the investigation and ultimately resigned. Anaheim City Council later voted against the deal in May of 2022. The club’s lease on the stadium runs through the end of the 2029 season with a club option to extend that lease through 2038.

There will also be league-wide questions to be answered, as the Angels were one of two teams exploring sales this winter. The other is the Nationals, though that situation appears to be mired in TV rights issues and nowhere near a resolution. For any groups interested in getting into the MLB ownership game, those two paths that appeared open a few months ago now appear to be closed or perhaps untenable. The league has expressed interest in expanding from 30 to 32 teams though Manfred has repeatedly said that he would like each of the A’s and Rays to resolve their respective stadium situations before expansion will be on the table.

Manfred: Angels Hoping To Complete Sales Process By Opening Day

By | at

The Angels have been in a period of some uncertainty since this past summer, when owner Arte Moreno announced he was exploring a sale of the franchise. There haven’t been many substantive updates on the process since then, and the timing of the potential sale has remained unclear.

At a press conference at this week’s Winter Meetings, MLB commissioner Rob Manfred stated the Halos are hopeful of having a sale finalized by Opening Day. “The point at which people actually see financial information is an important step forward in the process. My understanding is that the club would like to have the sale resolved before Opening Day,” Manfred told reporters (link via Evan Drellich of the Athletic). “Whether that happens I think depends in part on the bidding process and how quickly you can get documents done.”

Moreno has owned the franchise since 2003, when he purchased it from the Disney corporation on the heels of a World Series win. They’ve not won a pennant in the Moreno era, only making the ALCS once in 2009. Moreno has consistently signed off on payrolls that place the team within the top ten, but he’s drawn a fair bit of criticism among the fanbase for taking an active role in baseball operations decisions.

Precisely how much payroll room Moreno would allot the front office this offseason as he explores sale options was an open question. To his credit, he’s allowed general manager Perry Minasian and company to strike for upgrades to each area of the roster in the early going. The Halos brought in Tyler Anderson and Carlos Estévez via free agency while acquiring Hunter Renfroe and Gio Urshela in trade. None of those acquisitions was over an especially long term, with Anderson’s three-year deal the only commitment beyond 2024. Yet they did add an estimated $40MM to the 2023 payroll on those four players.

The acquisitions bring Anaheim’s 2023 payroll projection up to $198MM, in the estimation of Roster Resource. They’re just above $212MM in projected luxury tax obligations, leaving them around $20MM shy of the $233MM base tax threshold. Minasian told reporters this morning the Halos could conceivably push spending into luxury tax territory, saying there’s no ownership mandate to stay under the threshold (via Jeff Fletcher of the Orange County Register).

Anaheim hasn’t gotten into CBT territory since 2004. Pushing into that realm in 2023 would be unfamiliar for the franchise, but they’re headed into their final season of club control over Shohei Ohtani and amidst an eight-year playoff drought. The Halos still have some uncertainty in the middle infield and behind the plate, and they could look into bullpen upgrades even after inking Estévez to a two-year contract.

Latest On Angels’ Potential Sale

By | at

The Angels appear set for a major shake-up, as owner Arte Moreno announced Tuesday he’d retained financial advisors to explore a potential sale of the franchise. The news came as a surprise publicly, but Ken Rosenthal of the Athletic reports that Moreno had planned to look into selling the team for a while before making the announcement. One source tells Rosenthal a sale has been under consideration for upwards of two months.

Precisely when Moreno settled upon this course of action isn’t clear, but it appears to have been at some point in June at the latest. As Rosenthal points out, that provides some interesting context for the Halos’ approach to the trade deadline — specifically with the organization’s handling of reigning AL MVP Shohei Ohtani. Reports emerged in late July the Angels were listening to trade offers on Ohtani, but any speculation was quickly dashed when the Halos took the two-way star off the market by August 1.

Jon Heyman of the New York Post reported shortly after the deadline that Moreno forbade the front office from exploring Ohtani trades at a time when fellow superstar Mike Trout was on the injured list. Buster Olney of ESPN relayed a similar sentiment this week, writing that the club’s baseball operations department viewed this summer as the ideal time to extract a maximum return for Ohtani, who is arbitration-eligible for a final time before reaching free agency after 2023. Moreno, however, stepped in and indicated he wouldn’t approve a trade.

In the aftermath of the announcement that Moreno was exploring a sale, there was plenty of speculation among rival fanbases that an Ohtani trade next offseason could be more viable than it was this summer. Yet Rosenthal feels that’s unlikely, reasoning that Moreno’s refusal to deal Ohtani at the deadline while already planning to explore a sale of the franchise seems unlikely to change over the winter.

It isn’t known how long the sales process will take, but it could extend well into the offseason. For reference, the Lerner family announced shortly after Opening Day they were exploring a sale of the Nationals. Earlier this week, Barry Svrulga, Ben Strauss and Chelsea Janes of the Washington Post suggested that process could be wrapped up by November, around seven months after the team’s announcement a sale was under consideration. If the Angels’ process follows a similar timetable, it’d push near Opening Day 2023. Each situation is individual, of course, and one can’t know precisely at this stage how long the possible sale of the Anaheim franchise might take. Yet the Nationals situation serves as an example of the complexity of a deal of this magnitude, and it seems likely Moreno will retain ownership at least for the early stages of the offseason.

Ohtani’s future is just one of many key decisions the Angels face as the franchise prepares for a possible monumental change. The club will have to settle upon a manager, with Phil Nevin currently holding the role on an interim basis after the team dismissed Joe Maddon in early June. General manager Perry Minasian and his staff will also be tasked with trying to overcome what’s set to be a seventh straight losing season and presumably make another push for contention in 2023. How much financial flexibility will be at the front office’s disposal remains to be seen.

The Halos entered this season with a franchise-record payroll north of $188MM, according to Cot’s Baseball Contracts. Jason Martinez of Roster Recourse estimates the club has a bit above $103MM in guaranteed money on the books for next season. That doesn’t include what’ll surely be a massive raise for Ohtani over this season’s $5.5MM salary, and the team will also see first baseman Jared Walsh reach arbitration for the first time. The Halos aren’t facing many significant free agent departures, but they could arguably stand to use external help at shortstop, left field, catcher and in both the rotation and the bullpen.

Arte Moreno Exploring Possible Sale Of Angels

By | at

In a news release, the Angels ownership group announced that it is considering selling the team, and will start to explore a possible sale along with Galatioto Sports Partners (who have been retained as financial advisors during the process).

“It has been a great honor and privilege to own the Angels for 20 seasons,” owner Arte Moreno in the statement.  “As an Organization, we have worked to provide our fans an affordable and family-friendly ballpark experience while fielding competitive lineups which includes some of the game’s all-time greatest players.”

“Although this difficult decision was entirely our choice and deserved a great deal of thoughtful consideration, my family and I have ultimately come to the conclusion that now is the time.  Throughout this process, we will continue to run the franchise in the best interest of our fans, employees, players, and business partners.”

While any number of factors may have weighed into the Moreno family’s thought process, it was less than three months ago that Anaheim’s city council ruled against a long-gestating deal that would have seen Moreno’s management group purchase Angel Stadium and the entire 150-acre property around the ballpark. Moreno’s group was planning to develop the area into a multi-purpose residential and commercial space, similar to other “ballpark village” developments that have become common around both newer baseball stadiums and other venues in other sports.

However, the tentative agreement between Moreno and the city fell apart, in large part due to an ongoing federal investigation concerning alleged corruption, violations of state laws, and insider information.  Former Anaheim mayor Harry Sidhu resigned his position, and the city council voted to overturn the Angel Stadium deal entirely in the wake of the scandal.

Though the stadium controversy led to fresh questions about the franchise’s future in Anaheim, it now seems like Moreno himself will be walking away from the Angels entirely.  Moreno originally bought the team in April 2003 for a price of $184MM, taking over operations from the Walt Disney Company in the wake of the Angels’ 2002 World Series championship season.

That 2002 title still stands as the franchise’s lone championship, despite Moreno’s efforts to remake the Angels into a big-spending perpetual contender.  Under Moreno’s stewardship, the Halos have regularly been at least a top-10 payroll team, even if Moreno’s willingness to spend didn’t lead to a willingness to cross the luxury tax threshold.  (2004 was the only season the Angels ever made a luxury tax payment.)

The Angels reached the postseason five times between 2004-09, though they won only two playoff series and didn’t advance beyond the ALCS.  The regular trips to October soon stopped, as an AL West title in 2014 (and a three-game sweep at the hands of the Royals in the ALDS) marked the Angels’ most recent postseason appearance.  After winning 85 games in 2015, Los Angeles has had six consecutive losing seasons, with the struggling 2022 squad on its way to making it seven straight years of sub-.500 baseball.

As Moreno’s statement noted, “some of the game’s all-time greatest players” have worn an Angels uniform in the last 20 seasons, including the likes of Mike Trout, Albert Pujols, Vladimir Guerrero, and Shohei Ohtani.  Despite these and other talents, the Angels simply haven’t been able to break through due to a host of other ill-advised acquisitions.  While Moreno was willing to spend, this aggressiveness manifested itself in many major investments that simply didn’t pan out — i.e. Josh Hamilton, Justin Upton, Vernon Wells, Gary Matthews Jr., Zack Cozart, and (to date) Anthony Rendon.

Pujols’ ten-year, $240MM free agent deal is probably the defining transaction of Moreno’s ownership, and unfortunately symbolic of the Angels’ last decade of struggles.  While Pujols was still an elite player heading into the 2012 season, giving such a major contract to a first baseman entering his age-32 season was seen as a risk, and those fears ended up being warranted.  Pujols had a few good seasons in Anaheim, but injuries and the normal aging curve made him far less productive than during his prime years with the Cardinals.

Responsibility for these signings ultimately fell to Moreno himself, who was widely known to be far more involved in baseball operations than the average owner.  The Angels have had five different general managers during Moreno’s tenure, with this revolving door reflective of Moreno’s lack of patience.  As well, the Angels haven’t had much of a minor league pipeline in place to build around these high-priced acquisitions, as the Angels have routinely traded prospects and missed on several draft picks.

Trout is the major exception, of course, but the Angels haven’t been able to capitalize on having a homegrown prospect develop into a legendary player.  Signing Ohtani was another huge moment for the organization, and while injuries have largely kept Trout and Ohtani from seeing a lot of time together in the same lineup, it still seems hard to believe that a team with two generational players hasn’t been able to even crack the .500 mark, let alone contend in October.  Ohtani is a free agent after the 2023 season, and his future with the Angels will certainly be a major story over the next year-plus, with an ownership change now adding another intriguing wrinkle.

Major League Baseball now has two franchises known to be for sale, as the Lerner family is also widely expected to sell the Nationals.  It is possible that any bidders for the Nats might also look into buying the Angels, and it’s safe to assume that either franchise will sell for at least $2.5 billion.  The Angels’ proximity within the greater Los Angeles area could mean a higher price tag, though it also remains to be seen if the organization will necessarily remain in Anaheim.

As per the team’s Angel Stadium lease, the Angels are bound to their ballpark through 2029, with a club option to extend that lease through the 2038 season.  While the Halos aren’t going anywhere in the short term, at least, a new owner might have designs on moving the team elsewhere.  Conversely, a new owner might represent a new beginning for the Angels’ future in Anaheim, potentially a fresh start on talks about ballpark redevelopment, and perhaps even another name change.  It’s probably safe to say that the old “Los Angeles Angels of Anaheim” mouthful will remain a thing of the past, but the club could also return to the “Anaheim Angels” moniker rather than being tied to Los Angeles.

Anaheim City Council Votes Against Sale Of Angel Stadium

By | at

TODAY: The Angels appear to be moving on without any legal disputes, announcing in a statement that “given that the City Council unanimously voted to cancel the stadium land agreement, we believe it is the best interest of our fans, Angels Baseball, and the community to accept the City’s cancellation.”  As per the terms of the deal, since the arrangement fell through, the city of Anaheim will return a $50MM escrow payment made by Moreno.

MAY 25: In a unanimous vote on Tuesday, the Anaheim City Council ruled against selling the 150-acre Angel Stadium site to a management company created by Angels owner Arte Moreno.  Bill Shaikin of the Los Angeles Times and Alicia Robinson of the Orange County Register each had details of last night’s ruling, as well as a summary of what has become a major political story in southern California.

It was almost two and a half years ago that the city of Anaheim reached tentative agreement on a deal that would have sold the Angel Stadium property to Moreno’s SRB Management group for $320MM.  Beyond just the ballpark itself, Moreno’s group was looking to heavily develop the area surrounding the stadium, building everything from commercial and retail space to housing and restaurants.

However, the agreement has long been the target of criticism from Anaheim residents and civic officials, and a federal investigation is currently being conducted into alleged corruption, violations of state laws, and insider information being shared as part of the stadium deal.  Anaheim mayor Harry Sidhu was personally cited in the investigation, and he resigned his position earlier this week.

Moreno (or representatives from the Angels or SRB) have yet to comment on the council’s ruling.  It isn’t clear what the immediate next step could be, though as Shaikin writes, “a long and nasty legal battle” could take place between Moreno and the city of Anaheim over the collapsed deal.

As the situation relates to the Angels, their lease at Angel Stadium runs through the end of the 2029 season, with a club option to extend that lease through 2038.  (The land deal included a clause that would have kept the Angels in Anaheim until at least the 2050 season.)  Given the issues at play and the chance that Moreno’s group could be battling the city in court for years to come, it remains to be seen if Anaheim will remain the Angels’ long-term home, or if Moreno will start exploring new sites elsewhere in SoCal or the greater Los Angeles area.

Show all

MLB Trade Rumors is not affiliated with Major League Baseball, MLB or MLB.com

hide arrows scroll to top