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Angels owner Arte Moreno bullish on team’s new TV deal: ‘We are raising our payroll’

By Bill Shaikin

Staff WriterFollow

Nov. 11, 2024 1 PM PT

When the television company that airs Angels games filed for bankruptcy last year, the team appeared to be faced with a stark choice: take less money to stay on its longtime broadcast home, or take much less money now in the hope that a streaming-first alternative would pay off later.

Either way, the prospect of lower revenue raised the prospect of a lower payroll. That would not be optimal for any team, but it could be particularly ominous for a last-place team coming off the worst record in franchise history.