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The Angels "are not limited financially in any way"

Sep 28, 2010, 9:36 AM EST

You know who is going to be a big free agent player? The Los Angeles Angels are going to be a big free agent player.  Why? Because they don’t care if they lose money or not. Mark Saxon of ESPN Los Angeles:

According to a baseball source, the Angels expect to lose about $10
million this season. So will Moreno go deeper into his pocket to get
[Carl] Crawford? Or will the Angels try to shed payroll to accommodate that
contract?

Well, just about every team in baseball that’s losing money (or that at least says it’s losing money) would say it’s time for austerity. Not the Angels. Here, quoted by Saxon, is Angels GM Tony Reagins:

“You always have to take account of how the finances work, but we’re not
limited financially in any way. Whatever we need to do that makes sense
and that’s reasonable, we’ll address.”

I’m reminded of my man Charlie Kane when told that he was losing a million dollars a year in late 19th century money:

“You’re right, I did lose a million dollars last year. I expect to lose a
million dollars this year. I expect to lose a million dollars next
year. You know, Mr. Thatcher, at the rate of a million dollars a year,
I’ll have to close this place in . . . 60 years.

That’s pretty much Arte Moreno’s m.o., it would seem. No, not fomenting wars with Cuba and forcing his wife to do jigsaw puzzles in front of a comically over-sized fireplace, but in keeping year-to-year losses in perspective while realizing that overall value is where it’s at.

I don’t know how much the Angels are really losing, but let’s say it’s $10 million.  Given Moreno’s investments in marketing and the ballpark and the payroll and everything else, how much more are the Angels worth today than when he bought the team a few years ago?  I’m betting quite a bit. Certainly enough to absorb a $10 million loss. And certainly enough to afford Carl Crawford.

  1. Old Gator - Sep 28, 2010 at 10:15 AM

    I guess Moreno must have been chatting with Scrooge McLoria. See, we’ve been listening to Scrooge puelling and whinging for seven years now (I think that’s the seven years of famine) that he’s losing millions, and now we find out that, once we peeled back the veneer of what Leo Bloom called “creative accounting,” that was just McLorianese code for how he was making millions paw over claw that whole time – proving, as long as we’re invoking Citizen Kane today, that “it isn’t hard to make a lot of money if making a lot of money is all you really want to do.”
    .
    Ergo, I think that if Moreno decides to get Bialystock and Bloom on the phone – and what is Major League Baseball fiduciary management except The Producers writ large, anyway; just ask any big league city Chamber of Commerce – he might well go ahead and chase down some free agents with contractual specific gravities to the right of lead this season. It’s called investing, I think – but that word would get you cracked across the knuckles with a ruler and sent down the hall to the Grand Inquisitor’s office* at Macondo’s Kudzu League McLoria Academy for the Financially Obvious (MAFO).
    .
    .
    *This is of course a sly play on “Moreno” and “Marrano.” What? No. I mean, T.S. Eliot annotated “The Wasteland,” didn’t he?

  2. APBA Guy - Sep 28, 2010 at 11:17 AM

    Arte had 40,000 last night to watch the A’s and Angels “fight” over 2nd place in the West. Attendance is at 3.14 million despite a 2nd or 3rd place finish. He’s got huge cash flow, which can ease a lot of problems. And the Angels are by far the best marketers in the MLB, although, I’ve got a fever, and the only cure is…more rally monkey.

  3. Old Gator - Sep 28, 2010 at 12:16 PM

    Down where they play, I would think rally monkey brain sushi would be more like it.

  4. APBA Guy - Sep 28, 2010 at 2:25 PM

    It’s Hollywood! All monkeys are either stuffed or CGI. Virtual rally monkey brain sushi just doesn’t justify $ 20/piece.

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