Latest On Possible Angels Sale – MLB Trade Rumors

Latest On Possible Angels Sale - MLB Trade Rumors

The Angels appear poised for a major shakeup, as owner Arte Moreno announced Tuesday that he has retained financial advisors to explore potential. sale of the franchise. The news came as a surprise publicly, but Ken Rosenthal of the Athletics reports that Moreno planned to look into selling the team for a while before making the announcement. One source tells Rosenthal that a sale has been under consideration for more than two months.

Exactly when Moreno decided on this course of action is not clear, but it seems that it happened sometime 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 use of a reigning AL MVP. Shohei Ohtani. Reports surfaced in late July that the Angels were listening to trade offers for Ohtani, but any speculation was quickly squashed when the Halos took the two-way star off the market before August 1st.

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

After the announcement that Moreno was exploring a sale, there was much speculation among rival fanbases that an Ohtani trade next offseason might be more feasible than it was this summer. However, Rosenthal feels that is 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 is not known how long the sales process will take, but it could extend into the offseason. For reference, the Lerner family announced shortly after Opening Day they explored selling the Nationals. earlier this week, Barry Svrulga, Ben Strauss and Chelsea Janes of the Washington Post suggested that this process could be wrapped up by November, about seven months after the announcement of the team’s sale was under consideration. If the Angels’ process follows a similar schedule, it would push closer to Opening Day 2023. Each situation is individual, of course, and one cannot know exactly at this stage how long the potential sale of the Anaheim franchise could take. However, the Nationals situation serves as an example of the complexity of a deal of this size, and it seems likely that 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 potentially monumental turnaround. The club will have to decide on a manager, with Phil Nevin currently holding the role on an interim basis after the team fired Joe Maddon in early June. General manager Perry Minasian and his staff will also be tasked with trying to overcome what is 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 Resource estimates the club has just over $103MM in guaranteed money on the books for next season. That doesn’t include what will surely be a massive raise for Ohtani over this season’s $5.5MM salary, and the team will also see a first baseman. Jared Walsh reach arbitration for the first time. The Halls don’t face many significant free agency departures, but they could probably use outfield help at shortstop, left field, catcher and in both the rotation and the bullpen.

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