The Los Angeles Angels have spent plenty of money in recent years, and the results keep pointing in the same direction: a lot of dollars, very little to show for them. That was part of the story behind a 100-loss season, and Robert Stephenson’s contract is a pretty clean example of how fast one of these bets can go sideways.
The Angels handed Stephenson a three-year, $33 million deal in 2024, only to watch injuries wipe out his value. Per a report from Darragh McDonald of MLBTradeRumors.com, the right-handed reliever missed all of 2024, appeared in 10 games in 2025, and then missed all of 2026.
There is a small escape hatch here. Stephenson’s time on the shelf opened up a club option for the Angels, giving them a chance to move on, which is what new ownership will almost certainly do.
That’s not really about Stephenson as much as it is about the kind of gamble teams make on pitchers all the time. Clubs chase velocity, take the swing, and sometimes the dice come up wrong. In this case, they did.
Stephenson is only one piece of a bigger mess. The Angels’ roster-building decisions piled up, and two trades in particular show how quickly things went off the rails.
One was the Josh Lowe deal. Los Angeles brought in the outfielder from the Tampa Bay Rays during the offseason and sent Brock Burke the other way.
Burke wound up having a solid season with the Cincinnati Reds, while Lowe never gave the Angels what they wanted. He spent most of the year struggling to hit much over .200, aside from the stretch when he was optioned to Triple-A Salt Lake to try to get himself straightened out.
That wasn’t exactly a surprise, either, since he had already had trouble in Tampa Bay. The Angels just believed they could coax something different out of him.
The other example was the Grayson Rodriguez trade. Los Angeles gave up Taylor Ward, a power source who, as the source material notes, loved playing in Anaheim.
Rodriguez then proceeded to cost the Angels at least a half-dozen games, turning in one rough start after another while he tried to work his way back after injuries. And once Ward was gone, the Angels never managed to replace his power production.
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