Arte Moreno's revealed net worth proves he is way too cheap in spending for LA Angels

Sep 28, 2018; Anaheim, CA, USA; Los Angeles Angels owner Arte Moreno attends the game against the
Sep 28, 2018; Anaheim, CA, USA; Los Angeles Angels owner Arte Moreno attends the game against the / Kirby Lee-USA TODAY Sports

Arte Moreno has been lit up by LA Angels fans in the past for not spending enough, and MLB Trade Rumors just reminded us that he has not spent enough.

MLBTR just posted MLB owners' net worths in the linked article above, and found that only 12 owners have higher net worths than Moreno. The fact that Moreno has a net worth in the top half of the league while also being in the LA market, being located in beautiful LA/OC where tons of ballplayers would love to live, and having the two best players in baseball for under $40 million in combined average annual value, yet STILL hasn't spent more than the seventh most in baseball since 2019 is a problem.

The makings for Moreno to let Perry Minasian have all the resources necessary to succeed is right here, yet Moreno is sitting at the eighth-highest payroll in baseball for 2022 at just over $161 million.

Arte Moreno clearly doesn't understand what's at stake for the LA Angels.

Arte Moreno has had the best player in baseball in Mike Trout for ten years, and the LA Angels haven't made the playoffs in each of the last seven seasons. The team has now missed the playoffs for seven straight years due to poor starting pitching--one of the areas Moreno has refused to spend big on.

How Moreno could be content with spending in his comfort zone when he's had the best player of the last decade, who happens to be a three-time AL MVP, is beyond me and beyond all other Angels fans. Now, Moreno not only has the best player of the last ten years, but the best player of this year who just had the best season in baseball history in Shohei Ohtani. Moreno, however, has passed up several opportunities to acquire top starting pitchers this offseason.

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Moreno has every excuse in the book to go crazy and have one of the top few payrolls in MLB. He continues to be too passive, and risks wasting the career of Trout, who may finish his career among the top three in Major League history. It would be incredibly sad if Trout continues to have just one postseason appearance on that resume.