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John Angelos

Orioles Notes: Angelos, McCann, Asche

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John Angelos was the chairman of the Orioles from 2020, when he formally took over from his father, Peter, until earlier this year, when his family sold the club to new owner David Rubenstein. Initially, Angelos was expected to remain with the club in a senior adviser role, but it seems as if that arrangement didn’t last long. According to Matt Weyrich of the Baltimore Sun, Angelos is no longer connected to the team in any capacity after selling his remaining shares to Rubenstein’s ownership group this past August.

Angelos was hardly popular within the Orioles fanbase. The team’s payroll shrunk dramatically under his leadership, and he often complained about the lack of financial resources available to smaller-market organizations. In 2023, he told The Athletic’s Tyler Kepner that the only way to keep all the team’s young stars would be to raise ticket prices “dramatically.” Yet, he reneged on his promise to show reporters the complete “financials of the Orioles” (per the Associated Press). With Rubenstein’s takeover came the hope that the O’s would start spending significantly more on player payroll, and the news that Angelos is no longer exerting any influence over the team’s decisions can only increase that optimism. Baltimore’s payroll was significantly higher in 2024, though still well below league average. Earlier this month, general manager Mike Elias said he was “pretty confident” the payroll will continue to increase in 2025.

One task the Orioles will face this offseason (though hardly their most expensive decision) will be re-signing or replacing backup catcher James McCann. On that subject, Roch Kubatko of MASN Sports recently pointed out that McCann initially had the O’s on his five-team no-trade list back when he signed a four-year, $40.6MM deal with the Mets during the 2020-21 offseason. Needless to say, he ended up approving a trade to the Orioles anyway. What’s more, including the Orioles on his five-team no-trade list doesn’t necessarily mean McCann was opposed to playing in Baltimore. At the time he signed that deal, the Orioles were one of the basement-dwellers of the American League. That’s no longer the case. And it bears repeating that he ultimately accepted the trade that sent him to the Orioles – after they proved they were opening their window of contention with an 83-win season in 2022. Still, it’s a tidbit of information worth keeping in mind as the veteran backstop approaches free agency. McCann is well-liked by his Orioles teammates and has gotten plenty of playing time over the past two years as a backup for Adley Rutschman.

In one more note of interest, Rich Dubroff of BaltimoreBaseball.com discussed the Orioles coaching staff today, specifically the hitting coach vacancy left behind after co-hitting coach Ryan Fuller was let go and fellow co-hitting coach Matt Borgschulte returned to the Twins. Dubroff pointed out that Cody Asche, technically the team’s offensive strategy coach, also functioned as a third hitting coach for the club. It’s unclear if Asche will change roles next season, but Dubroff does mention that Asche is “respected in the clubhouse.” He has been with the organization since 2022, first as a minor league hitting coordinator before joining the big league staff for the 2023 campaign. Previously, he was a minor league hitting coach in the Phillies organization. At 34 years old, he is still young for a big league coach, but he is certainly a name to keep in mind as the Orioles look to find their next hitting guru.

Latest Details On Sale Of Orioles

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The baseball world got a shocking development this week when it was reported that the Angelos family would be selling the club to an investment group led by David Rubenstein. The next day, the club confirmed the agreement with an announcement of the $1.725 billion sale.

Details continue to trickle out about the deal, with Pamela Wood of The Baltimore Banner looking backwards to the club’s negotiations with the State of Maryland. The Orioles and state officials were in contact for much of last year. The club’s lease of Camden Yards was set to expire after 2023 and the two sides took talks down to the middle of December before a new lease was approved.

There were plenty of speed bumps along the way. It was in early December that it was initially reported that Rubenstein was in talks to purchase the club. That seemed to delay the lease talks, with state senator Bill Ferguson expressing trepidation about giving out land development rights to an organization with an unclear ownership structure. The land development rights were part of the talks because John Angelos was reportedly attempting to leverage the negotiations into getting public land for a mixed-use project, combining Camden Yards with commercial and residential spaces.

Per Wood’s report, Angelos did not give Governor Wes Moore or other state officials any kinds of heads up about the sale agreement. Treasurer Dereck Davis said that Angelos “categorically denied that that they were for sale” before selling the team. “It wasn’t just that we weren’t told something. We were lied to,” Davis said.

“The transparency that was required — it was not there,” Gov. Moore said. “And it’s disappointing.”

“I do think that John’s behavior displayed an incredible lack of respect for the state and our role in working with the Baltimore Orioles and our role as the owners of the home of the Baltimore Orioles,” comptroller Brooke Lierman said. “It’s incredibly disappointing, although, frankly not surprising.” Despite the harsh words, it seems state officials suspected something was up and proceeded accordingly. “That said, we crafted an agreement in such a way that it would not matter who owned the Orioles because I think many of us believed that the Angelos family’s days as owners were numbered anyways,” Lierman said. “It was important for us to protect the state and taxpayers and our assets, no matter who the owners are.”

Though the two sides did eventually get a deal done, Angelos did not get the land he craved. The 30-year agreement does give the club a chance to opt out after 15 years if they don’t get a development deal within the next four years. Ken Rosenthal and Britt Ghiroli of The Athletic also reported on the sale this week, relaying that some people in baseball believe that the lack of a land deal was part of what motivated Angelos to sell. On top of that, the family is also looking to improve its liquidity. Rosenthal and Ghiroli relay that they are looking to sell various assets, including One Charles Center, a 22-story office tower in Baltimore.

Going forward, the sale still needs to be approved by Major League Baseball. The owners are having a scheduled meeting next week but Buster Olney of ESPN reports that the sale is not on the docket. Rosenthal and Ghiroli suggest it will likely take months for the league to conduct background checks on everyone in the ownership group. Per Wood and Andy Kostka of the Baltimore Banner, the full group includes New York businessman Michael Arougheti, his partners Mitchell Goldstein and Michael Smith, Orioles Hall of Fame shortstop Cal Ripken Jr., former mayor of New York Michael Bloomberg, former mayor of Baltimore Kurt Schmoke, Washington Spirit majority owner Michele Kang and NBA Hall of Famer Grant Hill.

There’s also the future of the MASN issue to be considered. The Orioles and Nationals share ownership of the network, which has the broadcast rights for both clubs, with the O’s currently owning 76% of the network but dropping to 67% by 2032. Those details were worked out as part of the agreement to move the Expos from Montreal to Washington almost 20 years ago. As a compromise for moving a club into Baltimore’s territorial range, the O’s got control of the Nationals’ TV rights and the two sides have been disputing the finances of that arrangement for quite some time.

The Lerner family has been trying to sell the Nats for almost two years now, announcing in April of 2022 that they would explore the possibility. There’s been little apparent progress towards a deal, however, with reporting from about this time a year ago suggesting the MASN dispute was a key factor. Rosenthal and Ghiroli suggest that Rubenstein might sell the O’s share of MASN to Ted Leonsis, with some in the industry expecting that to eventually happen.

Leonsis owns the Washington Wizards, Washington Capitals, and Washington Mystics, as well as the Monumental Sports Network, which broadcasts those three clubs. Getting the Orioles’ TV rights could enhance the programming options for Monumental. It was reported in November of 2022 that the Lerner family was hoping to get $2.5 billion in selling the Nats but the TV rights situation was preventing them from getting to that price point. Rosenthal and Ghiroli report today that Leonsis had offered $2.2 billion. It’s unknown whether Leonsis acquiring Baltimore’s MASN share would impact any future negotiations with the Lerners.

All told, there will be plenty of domino effects worth watching out for as the situation progresses.

Reports: Angelos Family Agrees To Sell Orioles

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The Angelos family plans to sell the Orioles to a group led by two private equity billionaires, David Rubenstein of the Carlyle Group and Mike Arougheti of Ares Management Corp., as first reported by Sportico and John Ourand of Puck News. Andy Kostka, Pamela Wood and Danielle Allentuck of the Baltimore Banner report that various others will have smaller ownership roles — including franchise icon Cal Ripken Jr.

Neither the Orioles nor MLB have yet commented on the news. The deal cannot be made official without league approval. Longtime O’s beat reporter Dan Connolly tweets that the owners will discuss the sale agreement at a previously scheduled owners meeting next week.

It was reported back in December that Rubenstein, a Baltimore native, was in talks to purchase the club. Rubenstein will eventually become the franchise’s “control person” assuming the deal is approved. Ourand reports the sale price will be $1.725 billion, about 10 times the $173MM for which the Angelos family purchased it in 1993.

The franchise will not be sold in its entirety right away. According to Ourand, the Rubenstein group will initially acquire roughly 40% of the ownership stake. The remainder of the Angelos’ family share will be transferred once longtime owner Peter Angelos, now 94, passes away. Previous reports have indicated the family would incur significant capital gains taxes if they sell the franchise in its entirety before Peter Angelos’ death.

It could be a franchise-altering piece of news for the Orioles and their fans. The Angelos family has owned the club since 1993. It was at that time that Peter Angelos was the principal investor of a group that bought the O’s. He collapsed in 2017 due to the failure of his aortic valve, leading his wife Georgia and sons John and Lou to take on more sizeable roles.

Reports emerged in June of 2022, highlighting infighting between the family members about control of the franchise. The league evidently approved John Angelos as the club’s “control person” in 2020, but multiple lawsuits between the family members were filed. The reporting surrounding those legal disputes revealed that Georgia hired Goldman Sachs to explore a possible sale. The various family lawsuits were dropped about a year ago as part of a reported settlement. “I would say that there’s not a plan to change the principal ownership or the managing partnership and there would be no reason to,” John said in February of last year.

As that drama has been playing out behind the scenes, there has also been a lot of public uncertainty surrounding the organization. Their lease agreement with the State of Maryland for Camden Yards was set to expire at the end of 2023. John Angelos was reportedly attempting to leverage the negotiations for a new lease to acquire public land. The idea seemed to be to transform the area based on the example set by the Braves with The Battery and Truist Park, allowing the O’s to develop a mixed-use area including various retail and commercial spaces.

A new lease agreement was eventually approved in mid-December, just before the previous deal was set to expire. As part of that deal, the O’s are committed to Camden Yards for the next 15 years, which can be expanded to 30 years if a new development plan is approved in the next four years. The discussions between Rubenstein and the Angelos family briefly held up government approval of the new lease. At the time, John Angelos reportedly assured Maryland governor Wes Moore there were no plans to sell a majority share of the franchise. That now seems set to change.

On top of the stadium situation, the Orioles and Nationals have an ongoing dispute concerning the Mid-Atlantic Sports Network. The two clubs share ownership of the network but with the O’s in the majority, presently around 76% and dropping to 67% by 2032. Those details were part of the agreement between the O’s and MLB to facilitate the relocation of the Expos from Montreal to Washington and therefore into the Orioles’ territorial range. The two clubs have been battling each other over the rights free related to MASN for many years.

Jeff Barker of the Baltimore Sun reports that Rubenstein will also acquire the O’s share in MASN. It’s not yet clear if there’ll be any change in the relationship between the Orioles and the Nationals.

Then there’s the on-field product, which could perhaps be related to the ownership situation. The club has been rebuilding for much of the period after Peter Angelos’ health issues, but they quite clearly emerged from that rebuild in recent seasons. They posted terrible results from 2018 to 2021 but stockpiled young talent in the process. As their young players started graduating to the majors, they managed to go 83-79 in 2022. They followed that up with a 101-win campaign last year, winning the American League East.

Despite those better results of late, the club has made almost no moves that commit long-term money or give up their young talent in order to bolster the current roster. Their stacked farm system has led to plenty of speculation about a blockbuster deal involving someone like Dylan Cease, but nothing has materialized. Meanwhile, their free agent spending this winter has been limited to a one-year deal for reliever Craig Kimbrel.

Taken all together, there are plenty of questions to be answered about how the franchise will proceed. While many O’s fans will be happy to see the Angelos family depart, it’s unknown how different the new regime will be. If the deal is completed, a picture of the future for the franchise will gradually come into focus. As it does, it could have ramifications for the team and others such as the Nats, as well as the city of Baltimore and the State of Maryland.

Rubenstein, 74, is the co-founder and co-chairman of the Carlyle Group, a private equity company. He was born in Baltimore and Forbes estimates his net worth as $3.7 billion.

David Rubenstein Reportedly In Talks To Acquire Baltimore Orioles

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Carlyle Group founder David Rubenstein is in talks to acquire the Baltimore Orioles, according to a report from Gillian Tan of Bloomberg. The O’s are currently owned by the Angelos family.

It’s unclear at this point what stage the talks are at or if any kind of deal is close at this time. It also doesn’t seem like Rubenstein is the only person pursuing the club, as the report states that he is “among suitors pursuing a transaction.” Whether the Angelos family has pursued this or have merely been approached by prospective buyers isn’t clear, but there has been plenty of uncertainty in recent years about the future of the franchise.

Peter Angelos, now 94, was the principal investor of a group that purchased the franchise in 1993. After he collapsed in 2017 due to the failure of his aortic valve, larger roles were taken up by his wife Georgia and sons John and Lou. In June of 2022, reports emerged of infighting between the family about control of the club, with MLB approving John as the club’s “control person” in 2020. Multiple lawsuits were filed and the reporting of the legal battle revealed that Georgia had hired Goldman Sachs to look into a possible sale of the club. In February of this year, it was reported that the family members had reached an agreement to drop their lawsuits against each other. “I would say that there’s not a plan to change the principal ownership or the managing partnership and there would be no reason to,” John said on the matter in February.

Amid all of the drama over the ownership situation, there has also been an ongoing situation regarding Oriole Park at Camden Yards. The club’s lease on the facility runs through 2023. They had an opportunity to extend that for five years but chose in February not to do so. The hope was that they could work out a longer deal that would allow them to take advantage of a new Maryland law and borrow $600MM for stadium upgrades. Both John and Maryland Governor Wes Moore have made public statements expressing optimism about getting a new deal done.

In August it was reported that John was trying to leverage the stadium negotiations into acquiring public land. He reportedly envisioned developing a mixed-use area with commercial and retail spaces, emulating to The Battery and Truist Park where the Braves play in Georgia.

In September, John and Gov. Moore announced a new 30-year lease between the club and the state, though this was actually misleading. Reporting from the next day revealed that they had merely signed a memorandum of understanding, which was legally non-binding. The lease is still set to expire on December 31 and recent reporting has suggested the two sides may have to sign a short-term extension of a year or perhaps even go month-to-month, per Hayes Gardner of The Baltimore Sun, while working out a longer deal.

In addition to all of that, the club has made almost no long-term investments in any players. The O’s haven’t signed a free agent to a multi-year deal since March of 2018, with was Alex Cobb’s four-year deal. Since then, the only contracts longer than one year the club has given out have been two-year extensions to John Means and Félix Bautista, both players that were already under club control and rehabbing from Tommy John surgery. For much of that time, the club was in rebuilding mode. But even as they have returned to contention in the last two years, including winning the AL East with 101 wins in 2023, they have yet to make any kind of commitment to anything down the road.

Rubenstein, 74, is the co-founder and co-chairman of the Carlyle Group, a private equity company. He was born in Baltimore and Bloomberg estimates his net worth as $4.6 billion, though Forbes comes in below that at $3.6 billion. Forbes also currently values the Orioles franchise at $1.713 billion, about 10 times more than the $173MM price point when it was purchased in 1993.

To this point, it’s unclear if Rubenstein actually has a chance of acquiring the club or if he would approach any of the aforementioned issues differently. But if he were able to seal the deal and change the way the club operates, that would obviously be a franchise-altering development. It could also have ripple effects outside the O’s since they have an ongoing dispute with the Nationals over MASN and rights fees dating back to the Nats moving from Montreal to Washington in 2005. The Lerner family has been trying to sell the Nats in recent years but that MASN dispute has reportedly been a significant obstacle in doing so.

John Angelos Reportedly Seeking Public Land, Extra Funding In Orioles’ Stadium Lease Negotiations

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It was reported back in February that the Orioles had declined a five-year lease extension on their lease at Camden Yards. The hope was that they could work out a longer deal that would allow them to take advantage of a new Maryland law and borrow $600MM for stadium upgrades. It was hoped that the longer deal would be worked out by the All-Star break, but it hasn’t come to fruition, with new reporting from Andy Kostka, Brenda Wintrode, Hallie Miller and Pamela Wood of The Baltimore Banner indicating club CEO and chairman John Angelos is trying to leverage the negotiations to acquire public land.

As noted in the report, Angelos and Maryland Governor Wes Moore took a tour of The Battery in March. The Atlanta area development houses Truist Park, where the Braves play, as well as various other spaces for retail, commercial and residential uses. He seems to see The Battery as a kind of model to emulate, though there are logistical challenges to following that blueprint in Baltimore. As noted in the report from the Banner, the Braves moved away from Turner Field in Atlanta to the suburb of Cumberland, purchasing 82 acres of land and spending $452MM on The Battery.

With that model in mind, Angelos is reportedly trying to get an extra $300MM in state funds as well as public land around Camden Yards, which is holding up a deal as the deadline looms at the end of the year. There are several obstacles to Angelos getting his wish, per the authors of the report.

One complication involves the Baltimore Ravens, who play in M&T Bank Stadium, just south of Camden Yards. The Maryland Stadium Authority lease with the Ravens, which that club signed in January, contains a clause requiring “parity” with their fowl neighbors. If the authority negotiates more favorable terms for the Orioles, they would have to modify their agreement with the Ravens in a comparable fashion.

Another part of that lease is that 4,000 nearby parking spaces have to remain surface lots, not to be turned into underground parking, so as to allow tailgating. The report notes that there are also state-owned parking lots nearby, with the revenue generated from those lots goes to the teams. If the O’s wanted that land, the authority would need to start a procurement process that could involve bids from other developers. One source with knowledge of the negotiations tells the authors that Angelos won’t get the land or money he is seeking.

Regardless of the complicated details, the report notes that the negotiations have shifted, with the plan moving from straightforward stadium upgrades to a much more complex design. A public opinion poll was circulated this week, from an unknown source, asking Marylanders how they felt about the Orioles potentially pursuing a larger revitalization project in a “public-private partnership.”

All this comes on the heels of an apparently tumultuous period for the Angelos family. Reports from 2022 indicated the family had been battling each other over how to move forward with the club after Peter Angelos collapsed in 2017, with Goldman Sachs having been retained to look into the possibility of a sale. There were various lawsuits involving Peter’s wife Georgia and their sons John and Louis, though it was reported in February of 2023 that those had all been dropped, just a few days after the club declined to renew its lease at Camden Yards. John was formally approved by the league’s other owners as the Orioles’ new control person following the 2020 season.

John Angelos has declined to comment on the current matter but Governor Moore expressed optimism about the process. “There is a core belief that this is about what we need to do to create a winner on the field, but also I’m committed to making sure that this is a win for Baltimore, and that this is a win for the state of Maryland,” he said. “We have a shared vision to be able to build a new journey and a new era where having the Orioles and the Ravens and all the other activities you can have in Baltimore … [happen] simultaneously. And we’re all going to win.” The current lease expires on December 31 of this year.

Orioles CEO John Angelos Discusses Camden Lease, Ownership, Payroll, Extensions

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Orioles CEO/chairman John Angelos met with reporters (including The Baltimore Sun’s Nathan Ruiz and Rich Dubroff of BaltimoreBaseball.com) today to discuss a wide range of topics regarding the franchise, its offseason moves, and the bigger-picture question of the Orioles’ long-term future in Baltimore.

To the latter subject, Angelos reiterated his family’s commitment to the ownership of the Orioles, saying “I would say that there’s not a plan to change the principal ownership or the managing partnership and there would be no reason to.”  While a new minority owner might be brought into the ownership group, Angelos noted that such a move wouldn’t necessarily be unusual, given that some of the original investors in the group “have transitioned out” in the 30 years since Peter Angelos (John’s father) first brought the franchise and become majority owner.

“It would be nice if we could attract strategic people who care about Baltimore, who care about the way we’re doing this now, who care about the example Camden Yards set and want to be part of it,” Angelos said.  “That’s not necessary or a requisite, but we’re open to it.  We have no plan to change or transition out of what we have today.”

Some of the questions surrounding the Orioles’ ownership situation were raised by a lawsuit filled by Louis Angelos (John’s brother), who raised the possibility that John and his mother Georgia could possibly sell the team, or move the Orioles to Tennessee.  Earlier this month, Louis’ lawsuit and the countersuit from Georgia Angelos were dropped, bringing an apparent end to a legal dispute.  Unsurprisingly, John didn’t get into specifics about the lawsuits, other than to say “those things are distractions, and it’s unfortunate whenever they arise, but all good things going forward now.”

Angelos noted his longstanding commitment to Baltimore and his desire to finalize a new, longer-term lease for the Orioles at Camden Yards.  The current lease is up after the 2023 season, since the O’s passed on their opportunity on February 1 to trigger a five-year lease extension.

Despite this ticking clock, Angelos has confidence that a new deal will be reached, saying that “the actual facility use agreement, renewing a 30-year-old document, that’s really a minor sidelight” to the Orioles’ larger plans for a more fully developed stadium-village type of project, given that Camden Yards is right next to M&T Bank Stadium, home of the NFL’s Baltimore Ravens.  The ideal would be a thriving downtown area that provides value to the city, state, and the franchise beyond just gamedays.

“I have no doubt that we will relatively rapidly move towards the renewal of the public-private partnership and I would be very disappointed if I’m not able to work with the governor and his team…to make that happen in the next six months. I’d love to have that as an All-Star break gift for everybody, really,” Angelos said.  “There’s just no there there other than we’re going to get that done.  That’s always been one of the things I committed to and I have no intention of not seeing that happen.  I know the governor and his folks are just as keen on it as we are.”

Making reference to himself as “here for the long haul” with the franchise, Angelos used the same terminology to describe GM Mike Elias and manager Brandon Hyde, implying some security with the contracts of both men.  While specifics weren’t mentioned, Angelos said Elias and Hyde’s current deals aren’t “expiring in a year or two years or anything like that.”

Since the Orioles usually don’t publicize contract terms, not much is known about the nature of either agreement.  For instance, Hyde initially signed a three-year deal as manager in December 2018, but he also inked an extension during the 2020-21 offseason — a fact that wasn’t reported until September 2021.  Elias was hired a month before Hyde, and while terms were never released about the GM’s contract, it is fair to speculate that he might have gotten a relatively lengthy deal (say, four years) considering the wide scope of the rebuild project the Orioles were on the verge of entering.  That said, Angelos’ comments hint that Elias might have signed an extension in the interim, keeping him in Baltimore through at least the 2025 season.

Locking up Elias and Hyde certainly seems like a no-brainer move given the progress the Orioles made in 2022.  The first three seasons of the Elias/Hyde rebuild resulted in non-competitive seasons, but the O’s were a very respectable 83-79 last season.  Star rookie Adley Rutschman has already established himself as a quality player, and Rutschman might be just the first of several top prospects the Orioles can hope can make a quick impact at the MLB level.

However, the immediate follow-up to this breakout season has been modest, since the O’s have had a relatively quiet offseason.  According to Roster Resource, the Orioles’ projected $63.4MM payroll for 2023 is essentially the same as their year-end figure from 2022, since Chris Davis finally came off the team’s books following last season.

Angelos didn’t close the door on increased spending in the future, saying “Could payroll be double or triple what it is?  Or could it be over 100 million?  Yeah.  We’re not there yet.  We have a very young team that’s overachieved and overperformed because of the great work of our baseball folks.”

“Payroll, I think there’s a range there that Mike and his team have to determine.  Do I have a role in that?  Really only to make sure their recommendations are properly funded.  We’re probably not going to have or is any other middle or small-market team going to have the payroll of the Mets or the Dodgers or even the Red Sox, certainly not the Yankees.  That’s not an Oriole thing.  That’s a small or middle-market team in this economic system.”

Citing other teams with notably lower payrolls, Angelos mentioned that the Guardians, Brewers, and Rays are teams that the O’s would like to emulate, since “we’re aiming for sustained success, and I think what you see in a place like Tampa, they have had sustained success….I would be disappointed if we’re not the next Tampa, which means being sustainably competitive and relevant.”

This might not be welcome news for Baltimore fans, who would certainly like to see their team become a regular contender but with the flexibility to spend at a much higher level than the Rays.  The Orioles’ spending fluctuated when Peter Angelos had day-to-day control over the team, though the O’s had top-10 payrolls as recently as 2016 and 2017.

Angelos Family Members Drop Lawsuits Against One Another

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The ongoing litigation among the members of the Angelos family, who own the Orioles, have been dropped according to court documents first obtained by the Baltimore Sun’s Jeff Barker. The documents state Georgia Angelos and her sons, John and Louis, have agreed that “all claims, including all counterclaims and defenses, asserted therein be dismissed with prejudice.” The term “with prejudice,” from a legal vantage point, indicates that the charges within cannot be re-filed and that the case cannot be brought back to the courts at a future date. Specifics regarding the agreement to drop the suit were not provided.

Peter Angelos, now 93, headed up the ownership group and was the Orioles’ control person until 2018, when he began to cede more responsibility to his sons as his own health began to decline. Both John and Louis have held roles within the organization prior to that point and in the years since. John was formally approved by the league’s other owners as the Orioles’ new control person following the 2020 season.

The original lawsuit, filed by Louis, alleged that John had blocked his mother’s wishes to sell the team and that the two of them had taken control of the 93-year-old Peter Angelos’ assets — both the team and the family law firm — at Louis’ expense. The initial complaint from Louis alleged the following:

“John intends to maintain absolute control over the Orioles — to manage, to sell, or, if he chooses, to move to Tennessee (where he has a home and where his wife’s career is headquartered) — without having to answer to anyone.”

Georgia had subsequently filed a countersuit against Louis, alleging that he’d fabricated his claims in his own attempt to seize control of the family’s assets. Georgia’s suit sought to remove Louis as a successor and hold him liable for breach of fiduciary duty as well as exploitation of his father.

Needless to say, it’s been a bitter and ugly saga — the entire truth of his which may never fully come to light. John has vehemently denied the allegations made against him and has declared dating back to last June that the Orioles will remain in Baltimore for the long-term.

That said, following the Orioles’ decision to decline a five-year extension of their lease at Camden Yards, there’s some understandable unease among fans. The team says it plans to continue negotiating toward an even longer-term agreement to remain in Baltimore and remain at Camden Yards, where the current lease is set to expire on Dec. 31. John Angelos and Maryland governor Wes Moore both spoke optimistically over the weekend about striking an arrangement that would keep the Orioles at Camden Yards.

The now-resolved legal turmoil among the members of the Angelos family was just one of multiple legal battles surrounding the club. The Orioles and Nationals have been tied up in litigation regarding television rights fees from the Mid-Atlantic Sports Network, which broadcasts both their games, for more than a decade now. The Angelos family owns the majority share of MASN — roughly 77% — while the Nationals hold a 23% stake. Back in 2019, an arbitrator ruled that the network owed $105MM in unpaid rights fees to the Nats, but the subsequent MASN appeal of that ruling has not yet been heard. There’s no clear timeline for when a resolution might be reached.

John Angelos Hopes Orioles’ Payroll Can Return To Top Half Of League

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The Orioles have been mired in a lengthy rebuild for a number of years now, but as the team shows signs of a return to competitiveness there come the inevitable questions about how far a team is willing to bump payroll to maximize their window.

In 2022, the team’s opening day payroll was the lowest in all of baseball, the fourth straight year it ranked in the bottom five in the league, according to Cot’s Baseball. Of course, Baltimore was deep in a rebuild during that time and not focused on adding significant contracts. Yet as the team returns to relevance on the heels of an 83-79 2022 season, O’s fans would rightfully hope the team would be prepared to bump payroll to supplement their exciting young core.

“I’d love to be sitting in New York with $300 million payrolls. You’ve got to build it like any small, medium or large business. It’s cyclical, and then you hope that you can continue to feed that cycle, and I think we will be able to [return to the top half of the league],” Orioles CEO and chairman John Angelos said on 105.7 The Fan (via the Baltimore Sun).

History would suggest that the Orioles will do just that. Between 2011-18 the team regularly sat in the middle-to-upper part of the league in terms of payroll, a period in which the team made three playoff appearances out of the competitive AL East. That saw Opening Day payroll rise as high as $164MM in 2017, around four times as high as their Opening Day figure last season.

The team certainly has room to add payroll, yet it’s been a largely quiet winter for Baltimore. They’ve signed veteran starter Kyle Gibson to a one-year, $10MM deal, infielder Adam Frazier for $8MM and reliever Mychal Givens for $5MM. Those modest additions leave them on track for a 2023 payroll of $63MM, according to Fangraphs, that would have it on track to be the second lowest in baseball, per Cot’s.

Orioles fans would have every right to be a bit frustrated by that. GM Mike Elias says the team is still pursuing upgrades and would like to add another starter, according to the Baltimore Sun.

“We had some very close opportunities where it just went in a different direction,” Elias said. “We’ve been talking to everybody, there’s nothing imminent as of this afternoon, but that changes with sort of one text, one phone call sometimes. We really like our team. We see areas where we can get better, and we’re trying to pursue those players, but there’s competition out there.”

With the free agent market largely thinned out, it does appear that the trade market would be Baltimore’s avenue to any upgrades. The Orioles have one of the top farm systems in all of baseball, including eight players on Baseball America’s recently released Top 100 list, so do have a number of prospects that could be used to get a deal done. Of course, a number of those players will be viewed as long term building blocks in Baltimore, but the team could tap into their prospect wealth to put themselves in a better position to compete in 2023.

Latest On Orioles’ Ownership Situation

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An ongoing legal battle among the Angelos family, which owns the Orioles, has hung over for the franchise for a few months. Longtime owner Peter Angelos, 93, is in poor health, and the franchise’s long-term direction has been a point of contention. Angelos’ wife, Georgia, will inherit the team once Peter passes away, while their son John has served as the franchise’s official control person in recent years.

Louis Angelos, son of Peter and Georgia, recently initiated litigation against his mother and brother in an attempt to force a sale of the franchise. Louis alleges a sale is the desired outcome for both his parents and argues in his complaint that “John has been misleading his mother into believing that he has been working to achieve her goal of a sale of the Orioles.” John Angelos then released a statement reiterating his family’s ties to the franchise and firmly rejecting the possibility of the organization relocating from Baltimore. Georgia Angelos, meanwhile, has previously expressed her faith in John’s leadership and filed a countersuit against Louis Angelos last month.

Against that backdrop, Daniel Kaplan of the Athletic now writes the franchise hired financial firm Goldman Sachs a few months ago to look into the possibility of a sale. That isn’t a new development; Jeff Barker of the Baltimore Sun reported last month Georgia Angelos confirmed in court filings she “had retained Goldman Sachs and Jones Day to provide investment banking and legal services in connection with the sale of the Orioles.” Nevertheless, Kaplan hears that John and Georgia Angelos continue to explore their options for the franchise, even if there’s no guarantee they’ll eventually put the organization up for sale. Barker, meanwhile, wrote last month that John Angelos was interested in selling a minority share of the franchise while retaining the family’s overall control and keeping the team in Baltimore.

Both Barker and Kaplan suggest that any sale of the franchise, if it were to arise, could wait until after Peter Angelos passes away. While Georgia Angelos stands to inherit the franchise tax free upon her husband’s death, Louis Angelos’ court filings suggest a sale while Peter Angelos is still alive would have “a sizable tax hit.”

The nearby Nationals, with which the Orioles are still embroiled in a years-long suit over television rights fees, are currently going through a sales process themselves. The Lerner family announced in April they’d begun to explore a sale of the Washington franchise, and Kaplan hears from a source they’re seeking $2.5 billion in that deal. That same source suggests the Orioles could wait until after the Nationals’ sale is completed to begin any sales process of their own, given the likely market overlap. Angels owner Arte Moreno is also looking into a franchise sale, although that’s obviously in a much different geographical area.

There’ll certainly be more to come as the Angelos’ various litigations develop, likely over multiple months. The Orioles lease at Camden Yards runs through the end of next season. The team has the right to trigger a five-year option, extending the lease through the 2028 campaign, by February 1 of next year.

Orioles Notes: Ownership, Elias, Rutschman, Offseason

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Back in June, it was reported by Tim Prudente and Justin Fenton of The Baltimore Banner that the Angelos family was battling over the Orioles franchise. Peter Angelos, now 93, was the lead investor of a group that purchased the club in 1993 and has been at the helm since. However, he collapsed in October of 2017 due to the failure of his aortic valve and then established a trust with his wife and two sons as trustees.

The reporting in June provided details of a lawsuit coming from Louis Angelos, one of Peter’s two sons, alleging that John, the other son, had seized control of the team with the intention of selling and perhaps relocating the team to Tennessee. Shortly after those allegations came to light, John released a statement refuting them.

Prudente has released a new piece at the Baltimore Banner this week with further reporting on the matter, looking at court documents from the ongoing legal dispute. According to the attorneys of Georgia Angelos, the wife of Peter and mother of John and Louis, she wanted to create some space between the family and the team. Peter had a reputation as a very hands-on owner, which led to attention that the family wanted to move away from. “After years of bad press that Peter micromanaged baseball operations at the Orioles, Georgia wanted to create distance between her family and the ‘baseball side’ of the organization,” Georgia’s attorneys wrote in court documents. “John similarly abhorred any management structure other than an organizational pyramid with full delegation of authority to a staff of trained professionals and executives, headed by a General Manager responsible for all day-to-day decision making.”

Her attorneys go on to argue that general manager Mike Elias, hired in late 2018, was aggressively pursued by the Giants but instead agreed to come to Baltimore on the condition that he would report to John only because John would give Elias the freedom to handle the baseball decision without interference. “This understanding was crucial to Elias’s decision to come to the Orioles — a club long plagued by anti-organizational culture — so much so that John, with Georgia’s approval, codified these delegated rights in Elias’s employment contract,” Georgia’s attorneys wrote.

The documents go on to allege that Louis was not happy with this turn of events and demanded to be in charge of baseball operations, repeatedly contacting Elias about which baseball players the team might sign. The behaviour of Louis caused him to be excluded from a new board for the team that his mother created in August of 2020, which featured John as chairman and CEO.

The dismissal of Brady Anderson, who had been serving as vice president of baseball operations, also comes up in the court documents. Georgia’s attorneys alleged that Louis was friends with Anderson and unilaterally raised Anderson’s salary from $300K  to $900K in 2018. However, when Elias was brought in, he tried to steer the club to a greater analytical approach that didn’t align with Anderson’s style. Louis insisted on keeping Anderson around, with Elias agreeing to a compromise where Anderson was moved to a position as an outside consultant with lower pay. “While Anderson agreed, he felt slighted, a sentiment he could not hide and which eventually led to his termination,” Georgia’s attorneys write. Anderson departed the Orioles organization in 2019.

This is an ongoing legal matter where the allegations haven’t been substantiated in court and an attorney for Louis declined to provide comment for the report. Interested readers are encouraged to read both reports, though more information is likely to be revealed as the legal process plays out.

Regardless of how it came to be in the boardrooms of the front office, the Elias-led Orioles are a reality that is starting to show encouraging signs at the big league level for the first time. After losing at least 108 games in each of the past three full seasons, the O’s are much better here in 2022. Their 73-65 record is the best they’ve had in quite some time and has kept them in the playoff race down the stretch, just four games out of a Wild Card spot with just over three weeks remaining. That big step forward is at least partly due to the club’s 2019 draft, which was Baltimore’s first with Elias at the helm.

Elias recently spoke with Ken Rosenthal of The Athletic about that draft, which saw the club scoop up catcher Adley Rutschman, infielder Gunnar Henderson and outfielder Kyle Stowers, all three of whom are already in the majors. Despite the pressure of having the number one overall selection, it seems Elias and the club didn’t have much doubt about using that pick on Rutschman. “He provided for us the best combination of floor and ceiling,” Elias says. “We thought the leadership component would be a separator, which is looking like it could be the case. And I thought it was rare, a once-in-a-decade kind of thing to get an offensive catcher in a draft.”

Even before that draft selection, Rutschman was mentioned as one of the best prospects in the sport. Since then, he continued rocketing up prospect boards, being considered by many to be the top prospect this year. Since ascending to the big leagues, Rutschman has lived up to the hype in a big way. He’s hitting .255/.363/.449 for a wRC+ of 135, production that’s 35% better than the league average hitter but even further beyond the average catcher. He’s also been great on the other side of the ball, with his 16 Defensive Runs Saved second in the league among catchers despite missing the early part of the season, just barely behind Jose Trevino’s 17. Put together, he’s been worth 4.1 wins above replacement on the season, according to FanGraphs. Among all catchers, that trails only J.T. Realmuto and Sean Murphy, who have each played at least 28 more games than Rutschman.

Based on the strong season for the O’s, Elias said last month that the club expects to “significantly escalate the payroll” this winter. It’s hard to know exactly how the club will approach things, given that we don’t have precedent for how Elias will behave under these new conditions. With the team in rebuild mode for his entire tenure up until now, the front office has avoided significant commitments and hasn’t signed a free agent to a multi-year contract since the four-year deal Alex Cobb got in March of 2018, before Elias was hired. That means they have effectively no future commitments on the books and can theoretically go after any free agent they desire. It will be interesting to see how they play their cards, with Rosenthal reporting that their list of targets includes “a top-of-the-rotation starter,” in addition to a backup catcher and an infielder, with the specific position of the infielder depending upon where the multi-positional Henderson settles.

The club will be looking for “quality rather than quantity” on the pitching front, Rosenthal says, which makes sense given that the club already has some intriguing rotation candidates in the fold. Young pitchers like Tyler Wells, Dean Kremer, Austin Voth, Kyle Bradish and Spenser Watkins have all had some promising starts this year, to varying degrees. The club also has reinforcements coming over the horizon, with Grayson Rodriguez considered by many to be one of the top pitching prospects in the sport. John Means could also return to the mix at some point next year, after undergoing Tommy John surgery in April. Given that collection of internal candidates, it would make sense for the O’s to shoot for a single impact starter rather than spreading money around to a handful of less-impactful options. Rosenthal lists Chris Bassitt, Carlos Rodón, Nathan Eovaldi, Jameson Taillon, Corey Kluber and Michael Wacha as some of the available hurlers who would make for logical targets, as the O’s hope to turn the page from perennial basement dwellers to consistent contenders in the AL East.

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