#los angeles angels

Speaking of Mike Trout, here’s Cliff Corcoran on his deal:

Still, it’s hard not to see this contract as a major victory for the Angels. They just added three years of Mike Trout’s prime to their future without breaking the bank. Assuming Trout’s salaries over the course of this deal escalate in accordance with his service time, Jered Weaver, C.J. Wilson and Josh Hamilton’s contracts will all have expired before Trout is making top dollar. The real bottom line, however, is that the Angels have locked up the best player in baseball through the end of the decade at a fraction of his projected value. From a team’s perspective, you can’t do better than that.

Agreed. A very smart play by the Angels.

I Think Facebook Got A Mike Trout-Like Deal On Oculus

I’ve been asked a number of times to expand on my quick thoughts the other day about the Facebook/Oculus deal. And because we clearly haven’t gotten enough opinions on the matter, why not?

To me, it’s pretty simple. Facebook is taking out an option on the future. And, in my view, it’s a pretty cheap option to boot. In some ways, it’s not unlike the deal the Los Angeles Angels (of Anaheim or whatever) just signed with Mike Trout.1

Yes, $2 billion is a lot of money. But it’s also roughly 1/8th of what Facebook just spent on WhatsApp. And it’s roughly 2x what the company spent on Instagram — and that has turned out pretty well so far. One of the better deals this decade, perhaps.2

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