Report: Angels sign Joe Smith to three-year, $15.75 million deal

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The setup market is all set up: Joe Smith and the Angels have come to terms on a three-year contract, according to Jon Heyman of CBSSports.com.

Yahoo! Sports’ Tim Brown reports that it’s worth $15.75 million.

Obviously, it’s a big price for a pretty anonymous guy, but Smith has a 2.97 ERA since entering the league in 2007 and has come in under that each of the last three years. He finished 6-2 with a 2.29 ERA and a 54/23 K/BB ratio in 63 innings for the Indians last season.

The big key with Smith is that he’s improved enough against left-handers these last few years that he can be left in to face them in big situations. When he first came into the league, he could only be trusted against righties. Lefties hit a modest .227/.325/.373 against him last season, and that was actually the best they’ve fared since 2010.

Smith will overtake Dane De La Rosa as the top setup man in front of Ernesto Frieri in the Anaheim bullpen. He’s an upgrade for sure, but at what cost? This is $5 million that can’t be spent to upgrade a rotation that has Garrett Richards for a third starter and some combination of Joe Blanton, Jerome Williams, Tommy Hanson, Wade LeBlanc and Chris Volstad next on the depth chart (Williams and Hanson are both non-tender candidates). The money would have been better used there. Between Frieri, De La Rosa, a much improved Michael Kohn, old standby Kevin Jepsen and other pieces like Ryan Brasier, Cory Rasmus, Juan Gutierrez and the newly acquired Fernando Salas, it seems like the Angels could have cobbled together the right-handed portion of their pen just fine.

Max Scherzer will not be ready for Opening Day

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Ten days ago Nationals ace Max Scherzer said he’d be ready for the start of the regular season. “I’m gonna do it,” Scherzer said.

[Ron Howard from “Arrested Development” voice] — No, he’s not:

Nationals manager Dusty Baker said that Max Scherzer is not on track to be the team’s opening day starter, and will most likely open the season as the third pitcher in the rotation.

He’s still projected to make it to the opening rotation, taking the hill, most likely, on Thursday April 6 against the Marlins. At least if the schedule doesn’t slip any more.

Scherzer, as you probably know, has a stress fracture in the knuckle of his right ring finger, which has messed with his preparation and has caused him to alter his grip a bit. As of now Stephen Strasburg will get the Opening Day nod.

Theo Epstein named The World’s Greatest Leader

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Fortune Magazine has put out a list of The World’s Greatest Leaders. Not the greatest business leaders, not the greatest leaders in a given industry, but the Greatest Leaders, full stop. The greatest according to Fortune: The Cubs’ Theo Epstein.

For some context, Pope Francis was third. Angela Merkel was 10th. Lebron James was the next greatest sports leader, ranked 11th. Take Fortune’s methodology with a grain of salt, however, given that it has John McCain above Merkel — what, exactly, does he lead now? — and Samantha Bee in the top 20.

So what makes Theo the world’s best leader according to Fortune?

The Cubs owe their success to a five-year rebuilding program that featured a concatenation of different leadership styles. The team thrived under the affable patience of owner Tom Ricketts, and, later, under the innovative eccentricity of manager Joe Maddon. But most important of all was the evolution of the club’s president for baseball operations, Theo Epstein, the wunderkind executive who realized he would need to grow as a leader in order to replicate in Chicago the success he’d had with the Boston Red Sox.

I don’t want to take anything away from what Theo has done — he’s a Hall of Fame executive already in my view — but I feel like maybe one needs to adjust for the fact that this is a baseball team we’re talking about. They’re the whole world to us and their brands are nationally and even world famous, but as an organization, sports teams are rather small. There are guys who run reasonably-sized HVAC companies with more employees than a baseball team and they don’t get the benefit of an antitrust exemption and a rule which allows them to get their pick of the best new employees if they had a bad year the year before.

Really, not trying to throw shade here, just thinking that being the spiritual father for 1.2 billion Catholics or running a foundation that serves 55 million needy children — like the woman who comes in at number 14 — is a bit of a tougher trick.

But this will make a great framed magazine article on Theo’s wall in Wrigley Field.