Report: Angels sign Joe Blanton for two years, $15 million

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The Angels are staying busy Wednesday, picking up Joe Blanton on a two-year, $15 million contract to add to their rotation.

The deal includes an option for 2015, according to Jon Heyman of CBSSports.com.

Blanton went 10-13 with a 4.71 ERA for the Phillies and Dodgers last season, though he did post a fine 166/34 K/BB ratio in the process. He’s a pretty good fit in a big Angels Stadium that hasn’t been yielding a lot of home runs of late.

Blanton will presumably be the fourth starter in a rotation that also includes Jered Weaver, C.J. Wilson and Tommy Hanson, with one more pitcher still to be signed. With Blanton making $7.5 million and Hanson due about $4 million in arbitration, the Angels should still have at least $8 million-$12 million left to spend on a No. 3 starter with Dan Haren and Ervin Santana having departed and Zack Greinke almost sure to join them.

Assuming the Angels do land that additional starter, then Garrett Richards will head back to Triple-A for more seasoning.

Each owner will get at least $50 million in early 2018 from the sale of BAMTech

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Earlier this year Disney agreed to purchase the majority stake in BAMTech, the digital media company spun off from MLB Advanced Media. We know it as the source of the technology for MLB.tv and MLB.com, but it’s far more wide-ranging than that now. At present it powers streaming for MLB, HBO, NHL, WWE, and, eventually, will power Disney’s and ESPN’s upcoming streaming services.

The company was started by an investment from baseball’s 30 owners, so they’re getting a big payout as a result of the acquisition. Earlier this morning Jim Bowden dropped this regarding how much of that payout is in the offing in the short term:

That’s probably on the low end, actually. Some people I’ve spoken to who are familiar with the acquisition say the figure is more like $68 million in Q1 of 2018.

Good for the owners! It was a savvy, forward-thinking investment that, in the past, baseball owners might not have made. Bud Selig, Bob Bowman and others deserve credit for convincing the Jeff Lorias and Jerry Reinsdorfs of the world to think big and long term. It’s money out of the sky, raining down upon the owner of your baseball team for, basically, doing nothing.

Money which should be remembered when your buddy complains about a relief pitcher getting $6 million for only pitching 65 innings. Money which should be remembered when your team’s GM says that he has to cut back on payroll in the coming year.